Latest fromBudget 2010
![Govt faces $12.6b debt hole](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Govt faces $12.6b debt hole
The Government is facing a $12.6b debt hole over the next five years as ballooning cash deficits grow faster than the Crown's borrowing programme, says Treasury.
![Govt signals further round of cuts](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Govt signals further round of cuts
The Government has signalled a further round of belt tightening in the public sector.
![Parents face $80 a week fees shock](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Parents face $80 a week fees shock
The parents of tens of thousands of preschoolers can expect to start paying more for early childhood care next year.
![Govt deficit shrinks despite lower tax take](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Govt deficit shrinks despite lower tax take
The Govt's financial statements show the deficit shrank as bigger returns from the ACC and the Cullen Fund kicked in.
![<i>Stephen Selwood</i>: Growth focus for next infrastructure plan](/pf/resources/images/placeholders/placeholder_l.png?d=808)
<i>Stephen Selwood</i>: Growth focus for next infrastructure plan
As the focus turns from bridging the infrastructure deficit to building the 'nation for the future', there are gritty issues to be addressed, writes Stephen Selwood.
![GST hike business payment rules welcomed](/pf/resources/images/placeholders/placeholder_l.png?d=808)
GST hike business payment rules welcomed
Legislative changes designed to limit confusion for businesses ahead of October's GST hike have been welcomed by a leading accounting firm.
![Govt finances better than expected](/pf/resources/images/placeholders/placeholder_l.png?d=808)
Govt finances better than expected
Tax revenue was bigger than forecast and spending lower in the 11 months to the end of May, says Treasury.