Michael Reddell: former Reserve Bank economist says we shouldn't overdo concerns as latest Crown accounts show deeper deficit
A former Reserve Bank economist's dampening worries about a deterioration in the Government coffers.
Treasury's latest Crown accounts show the tax take for the 11 months to May was $2.2 billion lower than expected.
Meanwhile, debt is more than $5 billion dollars greater than anticipated.
Michael Reddell says we shouldn't overdo concerns - and forecasting is a tough game.
"So it's weaker than expected, but the big uncertainties that people are grappling with is- how quickly is the monetary policy tightening going to bite?"
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