Story perspectives

Treasury’s PREFU lifts surplus to 2027/28

By Drooid · Sep 30, 2026, 6:37 AM UTC · How we work

Summary

Story summary

Treasury's PREFU report says higher tax revenue improves fiscal outlook and moves surplus to 2027/28.
Finance Minister Nicola Willis says operating-balance deficit fell from a $11.4 billion forecast to $6.8 billion.
Treasury revised core Crown tax revenue up $11.4 billion, lifting the tax-to-GDP ratio to 29.1% by 2030/31.
National Party spokeswoman Nicola Willis claims Labour’s hidden bill totals $18.8 billion, or $2,263 extra tax per household.

1 of 1

Story summary

Treasury's PREFU report says higher tax revenue improves fiscal outlook and moves surplus to 2027/28.
Finance Minister Nicola Willis says operating-balance deficit fell from a $11.4 billion forecast to $6.8 billion.
Treasury revised core Crown tax revenue up $11.4 billion, lifting the tax-to-GDP ratio to 29.1% by 2030/31.
National Party spokeswoman Nicola Willis claims Labour’s hidden bill totals $18.8 billion, or $2,263 extra tax per household.