The net operating balance of the General Government Sector as at the March 2013 quarter was a savings of $6.5 million, representing an increase of $7.7 million on the 2012/13 supplementary budget estimates.

Overall, revenue was $2.2 million higher than the 2012/13 supplementary budget estimates and operating expenditure was lower by $5.5 million than the 2012/13 supplementary budget estimates.

Prudence needs to be exercised when analysing these figures as revenues and expenses do vary from quarter to quarter.

This statement has been prepared on an accruals basis as far as practical and outlines income and expenses incurred which may not been necessarily received or paid.

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The Cook Islands recently hosted a Roundtable for PDMC Finance Ministers looking at "Facilitating Climate Change Financing for the Pacific Region". Attatched below is the agreed 'Communique' from this meeting held 11 & 12 April 2013.

"Facilitating Climate Change Financing - Communique"

16 March 2013 - Government Auction, download the list below;

1. Government Auction - CIIC listing
2. Government Auction - MEFM listing
3. Government Auction - Health listing

This years compliance program will be reviewing those people in receipt of the NZ superannuation and market vendor income to ensure they are including this income on their tax returns.

If you are unsure of obligations, please come in and see us, or call us on (+682) 29365, and we can assist you.