Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Local authorities' spending on core services declines

Local authorities' spending on core services declines for the first time

23 July 2014

In the year to June 2013, local authorities’ spending on core services (operating expenditure) declined from $8.5 billion to $8.3 billion, Statistics New Zealand said today.

“This is the first fall in operating expenditure in the 20-year history of the survey,” local authorities statistics manager Michele Lloyd said.

Meanwhile, local authorities’ operating income increased 1.0 percent, to $7.9 billion. Income from rates increased $90 million in 2013, the lowest increase since the global financial crisis in 2009. Most councils showed increases but these were offset by a 3.4 percent decrease in Auckland Council's income from rates (down to $1.3 billion).

In the year ended June 2013, local authorities’ operating deficit was $392 million, an improvement from the June 2012 year deficit.

Once capital transactions are considered, the operating balance of local government is a surplus of $1.0 billion, up $524 million on the 2012 year surplus and the highest since the financial crisis.

Despite this surplus, government finance statistics showed local government needed to borrow more in 2013 to finance additional infrastructural work. Net borrowing was $1.1 billion in the June 2013 year.

Local government's net worth was $101.3 billion at 30 June 2013, up 1.7 percent on the June 2012 year.

The statistics released today are also available for each local authority, including aggregated statistics for local government transactions for the year ended June 2013.

For more information about these statistics:
• Visit Local Authority Financial Statistics: Year ended June 2013
• Visit Government Finance Statistics (Local Government): Year ended June 2013

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Tax: GST Threshold For Online Purchases Won't Lower Before 2018

The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation. More>>

ALSO:

North Canterbury: Government Extends Drought Classification

The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. More>>

ALSO:

Negotiations Fail: Christchurch Convention Centre Build To Proceed Without PCNZ

After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch's replacement convention centre, which it now anticipates delivering at least two years behind the original schedule. More>>

ALSO:

Ruataniwha: Greenpeace Launches Legal Challenge Against $1b Dam Plan

Greenpeace NZ is launching a legal challenge against a controversial plan to build a dam that’s set to cost close to $1 billion and will pollute a region’s rivers. More>>

ALSO:

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news