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Financial Statements of Government of New Zealand

Financial Statements of Government of New Zealand

WILLING TON: Financial Statements of the Government of New Zealand for the six months ended 31 December 2017 Net investment gains of $4.3 billion were recorded to 31 December 2017, $1.8 billion higher than forecast. Partially offsetting these investment gains were net losses on non-financial instruments of $2.0 billion. ACC recognised an actuarial loss of $1.6 billion on its outstanding claims liability, mainly due to the discount rate used to calculate this liability being lower than expected.

 When gains and losses are added to the OBEGAL result, the  was a $3.5 billion surplus, $0.8 billion larger than forecast. This result flows directly into  which was $0.8 billion higher than forecast at $114.1 billion.