And the thieving continues un-abated…

[Imported from Whale Oil Beef Hooked on Blogger]

Treasury announced today that the Government operating surplus for the 11 months to May was $7.46 billion — $675 million ahead of the forecast in the May 19 budget.

Mainly attributed to higher than expected tax revenue (now theres a surprise), most of that being the $368 million of the banks.

It would have been even higher if it wasn’t for recognition of $307 million of Kyoto liability. One wonders what the surplus would be like without this stuff up.

 


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