Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Navigation
Primary Navigation
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology
Secondary Navigation
Singapore
Asia Pacific
World
Search
Search:
NZ govt. accounts in deficit in September
Reuters - Tuesday, November 4
WELLINGTON, Nov 4 - The New Zealand government's operating financial balance fell into an unexpected deficit in the first three months of the fiscal year as investment losses offset a higher tax take.
The balance for the three months to Sep 30 was a deficit of NZ$757 million , or 180 percent below the forecast of a surplus of NZ$943 million.
The Treasury said the deficit was largely because of NZ$1.8 billion in investment losses from various state funds, and NZ$400 million loss on arising from a drop in the discount rate use to value workplace accident insurance liabilities.
The tax take was NZ$500 million more than forecast.
The operating balance excluding gains and losses , which strips out unrealised investment gains, was a surplus of NZ$891 million against a forecast surplus of NZ$424 million.
Net government debt stood at NZ$2.59 billion, which was NZ$1.36 billion lower than forecast, equating to 1.4 percent of gross domestic product.
The government's net cash position, the difference between all income and spending -- operational and capital -- was a deficit of NZ$3.2 billion compared with a forecast of NZ$4.3 billion.
Last month in its pre-election economic and fiscal update, the Treasury forecast rising deficits and higher borrowing to deal with an economy in recession and the impact of the credit crisis.
It forecast an operating deficit of NZ$1.9 billion for the year to June 2009, compared with a surplus of NZ$2.4 billion in the year ended June 2008.
Email Story
IM Story
Printable View
Blog This
Recommend this article
Average (0 votes)
Sign in to recommend this article »
Most Recommended Stories »
Related Articles: Business
Seoul shares open higher; banks, airlines riseReuters - 51 minutes ago
WRAPUP 3-US auto sales hit 25-yr low, Europe outlook bleakReuters - 51 minutes ago
China's Baosteel to trim output in Dec -paperReuters - 52 minutes ago
Nikkei rises 1.5 pct as exporters gainReuters - 54 minutes ago
CORRECTED - Rio Tinto sees no cuts in Africa exploring, budgetReuters - 59 minutes ago
Most Popular – Business
Viewed
Foods to prevent disease?
Obama in command on eve of US vote
Hamilton pips Massa to Formula One title in tense Brazil finale
Formula One driver Hamilton wins 2008 F1 championship
Australia anxious as Indonesia prepares to execute Bali bombers
View Complete List »
Search:
Home
Singapore
Asia Pacific
World
Business
Entertainment
Sports
Technology