Crown Finance to 31 October 2006

Well the Operating Balance for four months is a massive $3.0 billion and OBERAC (the better measure) is $2.8b. We are well on track for another year of record theft surpluses. It is $88m higher than the four months to 31 Oct 2005, and that year ended up with an $11.5b surplus.

Oh and in case Dr Cullen claims we need huge surpluses to keep debt under control, let’s look at what the net debt was at 31 October:

-$3.2b

Now did you see that minus sign. It is not a typo.