Editing OBERAC

{{short description|Acronym for operating balance excluding revaluations and accounting changes}}
{{Use dmy dates|date=July 2019}}
The [[acronym]] '''OBERAC''' stands for: 'operating balance excluding revaluations and accounting changes'.<ref name='easton'>{{Cite web|url=http://www.eastonbh.ac.nz/2003/12/notes_on_oberac_the_cash_surplus_and_other_measures_in_the_government_accounts/|title=Notes on Oberac. the Cash Surplus and Other Measures in the Government Accounts: {{!}} Brian Easton|last=Easton|first=Brian|language=en-US|access-date=2019-07-15}}</ref>

The government of [[New Zealand]] uses OBERAC as an indicator of current [[cash flow]].<ref name='easton'/>

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 Enterprises|State Owned Enterprise]] retained profits, capital gains and many other minor issues.

==References==
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[[Category:Politics of New Zealand]]


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