NZ budget surplus to be larger than forecast

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The New Zealand government 11 month financial statements are out

  • for the Eleven Months ended 31 May 2017

Surplus of $4,490 million for the eleven months to 31 May 2017, compared to a forecast surplus of $2,943 million

  • Variance of $1,547 million was largely due to higher tax revenue than forecast & expenses lower than forecast.

NZD is little changed, up a few tics.

The move in Europe was a little weaker but higher during US time:

           



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