Govt To Make 'Significant' Housing Announcement
Tracy Watkins
07/10/2013
Tracy Watkins
07/10/2013
Originally posted by Stuff
The Government is set to make a "significant" housing announcement
this week as Finance Minister Bill English warns that the Government
is "serious" about reining in a rampant property market. English
signalled the upcoming announcement at today's release of the Crown
financial statements for the year ending June 2012.The release of the
accounts turned into a dress rehearsal for the next election, with
English warning that a change of government would put an improving
picture would be put at risk.
They showed the Government remained on track to post the first surplus
in six years in 2014/15 and confirmed the operating balance had been
more than halved from 2012 to $4.4 billion. This was partly a result
of a higher than expected tax take as the economy continued to grow,
and partly due to lower than expected expenses. One reason for that
was lower than forecast Canterbury earthquake costs.
this week as Finance Minister Bill English warns that the Government
is "serious" about reining in a rampant property market. English
signalled the upcoming announcement at today's release of the Crown
financial statements for the year ending June 2012.The release of the
accounts turned into a dress rehearsal for the next election, with
English warning that a change of government would put an improving
picture would be put at risk.
They showed the Government remained on track to post the first surplus
in six years in 2014/15 and confirmed the operating balance had been
more than halved from 2012 to $4.4 billion. This was partly a result
of a higher than expected tax take as the economy continued to grow,
and partly due to lower than expected expenses. One reason for that
was lower than forecast Canterbury earthquake costs.
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