Michael Reddell: former Reserve Bank economist says we shouldn't overdo concerns as latest Crown accounts show deeper deficit

A former Reserve Bank economist's dampening worries about a deterioration in the Government coffers. Treasury's latest Crown accounts show the tax take for the 11 months to May was $2.2 billion lower than expected. Meanwhile, debt is more than $5 billion dollars greater than anticipated. Michael Reddell says we shouldn't overdo concerns - and forecasting is a tough game. "So it's weaker than expected, but the big uncertainties that people are grappling with is- how quickly is the monetary policy tightening going to bite?" LISTEN ABOVESee omnystudio.com/listener for privacy information.