WASHINGTON (May 15, 2014)-- Housing activity was sub-par in the first quarter of this year, dampened in part by severe weather patterns, but an uptrend is expected with healthy underlying
demand over the balance of the year and through 2015, according to presentations at a residential real estate forum here during the Realtor ® Party Convention & Trade Expo.
Still, the analysis is not straight forward; the company will be recognizing cash received as deposits
over the balance of the year as well as prepaid and other expenses incurred or to be incurred.
Nzuri have so far completed a total of 5,040 m of RC and diamond exploration drilling within the Fold Thrust JV with a further 2,764 m of exploration drilling
planned over the balance of this year.
According to the Department of Finance, some of the improvement to date reflects lower refunds applicable to prior - year taxes paid, which would not be expected to
continue over the balance of the year.
That is difficult to say, but my view is that the data we have seen so far most likely reflect a temporary pause in this quarter, following unexpectedly strong growth in the fourth quarter of 2017 — and as a consequence, we will probably continue to see solid consumption
growth over the balance of this year.
The sluggishness in revenue growth to date implies that all of the $ 1.5 billion «risk adjustment factor» included in the November 2013 Update will be required and that growth in revenues will need to pick up
over the balance of the year if the November 2013 Update forecast is to be realized..
The accrual adjustments to date, especially for personal and corporate income tax revenues, are understated, which will result in significant downward
adjustments over the balance of the year, especially in the end - of - year accounting period.
This implies a deficit of $ 17.1 billion
over the balance of the year, compared to a deficit of $ 14.4 billion over the same period last year.
The accrual adjustments to date for personal and corporate income tax revenues, could be understated, which will result in significant downward adjustments
over the balance of the year, especially in the end - of - year accounting period.