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 2019: • General
government net operating balance reached a $10.9 billion
surplus. • Total operating income increased 7.9
percent, led by a strong tax revenue increase. • The
main drivers for tax revenue growth were strong increases to
taxes in income (up 9.8 percent) and taxes on good and
services (up 6.2 percent). • Total operating
expenditure increased 6.9 percent as social benefits,
employee expenses, and purchases of goods and services rose.
• Net acquisition of non-financial assets increased
$0.4 billion to $6.0 billion. • Net lending was $4.9
billion. • Net worth was $345.7 billion at 30 June
2019, which was a strong increase from 2018. • Net
debt was $28.5 billion, down $2.0 billion from 2018.
Although local government net debt has continued to
increase, this was offset by the decrease in central
government net debt which has been declining since
2016.
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