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Jenee Tibshraeny: Government forecasts being off target already is not a good sign

Author
Newstalk ZB,
Publish Date
Wed, 5 Jul 2023, 8:24pm
 (Photo \ Getty Images)
(Photo \ Getty Images)

Jenee Tibshraeny: Government forecasts being off target already is not a good sign

Author
Newstalk ZB,
Publish Date
Wed, 5 Jul 2023, 8:24pm

According to the Government's latest accounts, businesses paid 10.7 per cent less tax than expected in the 11 months to May.

The Crown received $2 billion less in corporate tax than the Treasury forecasted at the May Budget.

NZ Herald Wellington business editor Jenee Tibshraeny says it's been 48 days since the Government delivered a forecast and being off target already is not a good sign.

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