Government Finance Statistics (General Government): Year Ended June 2025

Government finance statistics (general government) gives an economic representation of New Zealand's central and local government financial activity.

Key facts
In the year ended June 2025:

• general government net operating deficit was $5.3 billion, following a $2.0 billion deficit in the year ended June 2024
• total operating income increased by 1.5 percent compared with the year end June 2024, led by increases in tax revenue and sales of goods and services
• total operating expenses increased by 3.5 percent, driven by increases in social benefits (up $5.1 billion) and interest expense (up $1.1 billion)
• net acquisition of non-financial assets rose by $448.0 million from June 2024 to $10.3 billion in June 2025
• net borrowing was $15.6 billion
• net worth fell by $3.8 billion to $465.0 billion, following a $26.5 billion increase in 2024
• net debt rose $25.1 billion to $115.2 billion in the year ended June 2025.

Visit our website to read this information release and to download CSV files:

• Government finance statistics (general government): Year ended June 2025: https://www.stats.govt.nz/information-releases/government-finance-statistics-general-government-year-ended-june-2025/
• CSV files for download: https://www.stats.govt.nz/large-datasets/csv-files-for-download/

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