Net debt as a proportion of GDP was in line with the Budget forecast. Government spending was up $10.8b in the last fiscal year. The audited accounts for the Government in the year to the end of June show a slight improvement compared with the numbers in the Pre-election Economic and Fiscal Update. The operating surplus was $235 million higher at $5.321 billion, largely due to slightly better than expected investment gains. Want to read more? It's easy. Choose your best value subscription option Get two weeks free access to NBR's Premium Online Subscription, which includes full access to all of NBR's great content on any device.

https://www.nbr.co.nz/politics/the-governments-net-worth-continues-to-rise/

#nbr