Home /

Treasury forecast: From $176m surplus to $401m deficit


New half-yearly forecasts by Treasury have seen the $176 million surplus forecast for the current financial year turn into a $401 million forecast deficit, but Finance Minister Bill English says he won't make any spending changes to try and maintain a surplus. "It's not disappointing; it's just another Treasury forecast,"

Latest Video

Australia braces for Cyclone Alfred
World

Australia braces for Cyclone Alfred

Cyclone Alfred is expected to hit early Saturday morning with 4 million people affected between southeast Queensland and upper New South Wales. Video / NZ Herald / AFP

Ice hockey - the new rugby?
New Zealand

Ice hockey - the new rugby?

New Zealand is the best at rugby, is ice hockey domination next? Reporter Jack is hitting the rink to find out why Kiwi kids are flocking to Canada’s national sport.