Better investment returns help push up the Government’s tax take
Most tax revenue is up on last year, but corporate tax is down.
The Treasury says some of the boosts to tax income are unlikely to last beyond this year.
While there might be pessimism about the economy, the Government’s books continue to surprise on the upside when compared with the forecasts in the May Budget.
In the 11 months to the end of May, the operating balance excluding gains and losses recorded a deficit of $7.7 billion, $1b less than
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