Crown finances for the first 10 months of the year are some $1.7 billion better than was forecast in last week's Budget due to higher than expected tax revenue
The April results are reported against forecasts based on the Budget Economic and Fiscal Update 2024 (BEFU 2024), published on 30 May 2024, and the results for the same period for the previous year.
Recent price falls in the New Zealand market for carbon credits leaves the Government facing the prospect of a significant loss of revenue from carbon auctions this year. The March financial statements from Treasury highlight lower-than-expected revenue .
Climate Change Commission chair Rod Carr will retire from the role at the end of his term this year, as carbon prices continue to tumble.His departure, along wi.