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

 

Quarterly Local Authority Statistics

Local Authority Statistics: June 2001 quarter

Quarterly Local Authority Statistics

Local authorities recorded a $112.3 million surplus in current revenue over current expenditure in the June 2001 quarter, according to Statistics New Zealand. The latest Quaterly Local Authority Survey showed a $6.8 million increase, compared with the March 2001 quarter. Despite total expenditure increasing slightly in the latest quarter, revenue increased at a faster rate, driven by the highest level of dividend revenue since the December 1999 quarter. In the year to June 2001, a decline in annual expenditure, accompanied by an increase in annual revenue, resulted in a surplus of $369.6 million. This was up $105.0 million on the surplus recorded in the June 2000 year.

The most significant contribution to the latest quarterly surplus was from increased investment income, which rose for the third successive quarter. Investment income, which combines interest and dividend revenue, rose $20.7 million, reaching $100.4 million in the June 2001 quarter. The rise was a result of an increase in dividend revenue, up $27.1 million, and was partly offset by a decrease of $6.4 million in interest revenue.

Brian Pink Government Statistician END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Air New Zealand: Relaunching 14 International Routes In 16 Days

Air New Zealand is gearing up for the busiest July in two years with the relaunch of 14 international routes in 16 days... More>>



Inland Revenue: Update On Hidden Economy Real Estate Campaign

The Inland Revenue campaign focussing on the real estate sector has resulted in a drop in the amount of private expenses claims being made... More>>



Westpac: Consumer Confidence Plummets To Record Lows As Financial Pressures Mount

The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling 13 points to a level of 78.7... More>>


BusinessNZ: NZ Economy - Prevailing Headwinds
The latest BusinessNZ Planning Forecast reveals business and consumer confidence is low, with factors at home and abroad hampering our recovery... More>>


Specialist Cheesemakers Assn: Shared Cheese Heritage Should Be Shared Not Stripped

As the EU-New Zealand FTA advances New Zealand cheesemakers are urging both Governments to recognise and celebrate the shared cheesemaking heritage that exists between European countries and New Zealand... More>>

Download Weekly: $60 million for more rural connections
David Clark, the digital economy and communications minister, announced the government will spend $60 million to further improve rural connectivity over the next few years... More>>