The initials OBERAC stand for: 'operating balance excluding revaluations and accounting changes'.
The OBERAC is not an accurate indicator of what the government has to spend, i.e. it is not the cash surplus. Instead, the OBERAC includes capital expenditure, State Owned Enterprise retained profits, capital gains and many other minor issues.
|This New Zealand-related article is a stub. You can help Wikipedia by expanding it.|
|This economics-related article is a stub. You can help Wikipedia by expanding it.|