Surplus by 2014/2015

[mashman]

I have a question: What is the Surplus they're talking about? All I ever see is "we'll be back in surplus" so I assume it's a single figure that has more of an explanation than just surplus.

[ellipsis]

...Gerry Brownlee will be even a bigger fatter wank?...

[yachtie10]

I have a question: What is the Surplus they're talking about? All I ever see is "we'll be back in surplus" so I assume it's a single figure that has more of an explanation than just surplus.

Means we will spend less than we earn

[SMOKEU]

It's another lie.

[mashman]

Means we will spend less than we earn

Awesome, that clears that up then, cheers... Who is the we and what is the area in which we will be spending less of what we earn?

[Coolz]

We will only be able to afford to clothe ourselves at surplus shops.

[steve_t]

Means we will spend less than we earn

Is it that our repayments on our debt will be more than the interest amount?

[ellipsis]

...what about it just being more meaningless words that spill from politicians lips every time they open them...

[puddytat]

that the poor will be surplus to requirements......

[yachtie10]

Awesome, that clears that up then, cheers... Who is the we and what is the area in which we will be spending less of what we earn?

haha

I dont know the context but
I assume you are referring to the governments books
i.e. the government takes more in taxes than it spends

but there many others like trade deficit etc

[riffer]

haha

I dont know the context but
I assume you are referring to the governments books
i.e. the government takes more in taxes than it spends

but there many others like trade deficit etc

It is that the government takes in more tax than it spends. The government has, in recent days, reduced their expectations on the amount, but still insist that we are on track to be taking in more tax than we spend by the 2014/2015 tax year (which really means by 1 April 2015).

However, the fact that we are now only 2 months after the election where they promised us nearly a billion in surplus and they've now reduced it down to a couple hundred million suggests to me that in the next 2.4 years it's going to be increasingly unlikely that we will hit surplus, and they're currently going through the motions of buttering us up for the inevitable.

Remember also that in order for the surplus to happen they also need to sell Mighty River Power at a really good (read unrealistic in today's economic climate) price.

[yachtie10]

It is that the government takes in more tax than it spends. The government has, in recent days, reduced their expectations on the amount, but still insist that we are on track to be taking in more tax than we spend by the 2014/2015 tax year (which really means by 1 April 2015).

However, the fact that we are now only 2 months after the election where they promised us nearly a billion in surplus and they've now reduced it down to a couple hundred million suggests to me that in the next 2.4 years it's going to be increasingly unlikely that we will hit surplus, and they're currently going through the motions of buttering us up for the inevitable.

Remember also that in order for the surplus to happen they also need to sell Mighty River Power at a really good (read unrealistic in today's economic climate) price.

thats a different question
he wanted to know what "surplus" meant

there are so many factors but more people working and less on benefits would be good

[mashman]

Is it that our repayments on our debt will be more than the interest amount?

Heh, even easier... funny that they're borrowing heavily at the moment and saying that it'll cost a fortune otherwise and the cost of money isn't changing. Could be to cover the above?

haha

I dont know the context but
I assume you are referring to the governments books
i.e. the government takes more in taxes than it spends

but there many others like trade deficit etc

cheeky bugga

I was assuming both of the things you highlight. Govt expenditure and/or Trade Deficit. I believe that the trade deficit is up and down like a bloody yoyo and it is more than possible that we could have that sorted by the dates they keep shifting... however I have a question in regards to govt expenditure: Is that the total spend or just the operational spend? It would look, to me, as though they're talking operational expenditure as they're culling staff and service as much as possible whilst borrowing VERY heavily in order to be able to pay for the services through the private sector.

No matter how much I search, I can't find an answer to the questions and if there are so many contexts why do the media, let alone the people, not ask what the surplus refers to? It would seem that everyone is useless.

[bikaholic]

Surplus is made easier as there is a couple of financial years ahead in which no payments for borrowings have to be made or are due.
Therefore interest payments become capital repayments if taken, and we shouldn't have to borrow in those years.

[pete376403]

I thought it was just something they said that sounded real good but didn't mean anything, in order to get elected. Now that they've been elected, it's no longer relevant.