{"id":313765,"date":"2026-03-05T05:39:11","date_gmt":"2026-03-05T05:39:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/313765\/"},"modified":"2026-03-05T05:39:11","modified_gmt":"2026-03-05T05:39:11","slug":"treasury-figures-show-6-billion-deficit-for-seven-months-ended-january","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/313765\/","title":{"rendered":"Treasury figures show $6 billion deficit for seven months ended January"},"content":{"rendered":"<p><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/4KLD10G_rates_01c_OCR_DOWN_jpg\" width=\"1050\" height=\"656\" alt=\"Money and arrow pointing down\"\/><\/p>\n<p class=\"photo-captioned__information\">\nTreasury figures show the government&#8217;s finances are in better shape than expected.<br \/>\nPhoto: RNZ\n<\/p>\n<p>The government&#8217;s finances are in <a href=\"https:\/\/www.rnz.co.nz\/news\/business\/584695\/government-s-finances-in-better-than-expected-shape\" rel=\"nofollow noopener\" target=\"_blank\">better than expected shape<\/a> as spending has fallen while the tax take is steady.<\/p>\n<p>Treasury figures, which exclude ACC finances, show a deficit of $6 billion for the seven months ended January, about $1.9b below the December half year forecast.<\/p>\n<p>The deficit including ACC costs was $6.5b, also well below forecast.<\/p>\n<p>The tax take was fractionally lower as dips in company, investment and tobacco charges, were offset by higher income tax receipts.<\/p>\n<p>Expenses were more than a billion dollars lower, as IRD clawed back unpaid tax, spending on core government services, health and environment programmes were lower.<\/p>\n<p>Net debt was slightly lower than expected at 41.9 percent of the value of the economy.<\/p>\n<p>&#8230; More to come<\/p>\n","protected":false},"excerpt":{"rendered":"Treasury figures show the government&#8217;s finances are in better shape than expected. Photo: RNZ The government&#8217;s finances are&hellip;\n","protected":false},"author":2,"featured_media":65892,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[48,138,47,219,111,43,139,69,49,46,44,45],"class_list":{"0":"post-313765","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-audio","9":"tag-business","10":"tag-current-affairs","11":"tag-economy","12":"tag-new-zealand","13":"tag-news","14":"tag-newzealand","15":"tag-nz","16":"tag-podcasts","17":"tag-public-radio","18":"tag-radio-new-zealand","19":"tag-rnz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/313765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=313765"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/313765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/65892"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=313765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=313765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=313765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}