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Government finance statistics (general government)

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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