Govt's books in red by $4.48b
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The Finance Minister is using the latest Treasury figures to reinforce the need for spending restraint.
According to figures for the five months to the end of November, the Government's books are in the red by $4.48 billion.
Bill English says the Government's still committed to returning to surplus by the 2014/15 year - albeit a smaller one.
He admits it won't be easy, given what's happening in Europe, but it requires spending restraint from everyone.
Mr English says returning to surplus is essential to future proof the country from further shocks.The world in pictures
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33 Comments
4.48 billion and rising...and rising...as they give themselves another wage increase.... and rising
1 ReplyOh, only $4.46 billion! Well that's alright then!
ReplyNo More DPB.After 2 years no more Dole.No more Sickness Benefits.No More Maori Land Claims.Then we will be getting back to Surpluses.
3 Replieshold on to your hats, your job, n.z! . a brighter future n.z.?
ReplyCool time for a wage increase for all MP,s then!!! how about a new car as well !
ReplyJust sell some Land !! that should cover that !
ReplyHay I may get a job this Year Then!! yahoooooooo
ReplyBah Humbug!... why worry about money?... Living is more important. Forget the Government, we don't need them.
ReplySo English saying the proceeds of these sales will got to schooling, roads etc was a load of cobblers then - thats a surprise. And Our Beloved Leader Kim Jon Kee is out of the country AGAIN as yet another cake hits the fan.
ReplyWhichever party takes over from these clowns is going to have the roughest ride ever. It will take many years to undo the damage these banker puppets are doing to us.
Reply