No wonder Dr Cullen was unhappy people keep linking surpluses with room for tax cuts – it just keeps getting bigger.
Treasury has released the Crown accounts for the 10 months to 30 April 2006.
The operating balance or surplus is $9.4b over just ten months. OBERAC is at $7.4b. But none of it is available to greedy journalists – okay!!
Oh yeah and net debt (excluding super fund) is almost non existant at $7.9b.
Crown revenue is $4.5b higher than a year ago.