Finance Minister Grant Robertson said the figures were positive signs for the economy. With the government books opened today it reveals the Labour administration has inherited a booming economy. Core Crown tax revenue was $37.2 billion for the six-month period. Overall core Crown tax was $600m higher than what was expected in the Government's half-year economic and fiscal update, released in mid-December. The New Zealand economy will slow this year as labour constraints, changes in government infrastructure investment and lower dairy prices bite, economic research group Infometrics said this month.

Source: Otago Daily Times February 12, 2018 22:07 UTC