NZ's Gov Accounts Track Closer to Forecasts

        2225 GMT - Improving revenue and spending control mean the New Zealand government's financial accounts are closer to forecasts in the nine months to March 31, Finance Minister Bill English says. The operating deficit before gains and losses was NZ$1.7B for the nine months, NZ$199M larger than forecast in the half-year update in December. The deficit had been almost NZ$900M larger than forecast in the eight months to February. "As the Budget will show next week, we remain on track to a small surplus next year and increasing surpluses in following years," English says. (rebecca.howard@wsj.com; Twitter: @FarroHoward)
        (END) Dow Jones Newswires

        May 08, 2014 18:25 ET (22:25 GMT)