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
2021:
General government net operating balance
shrank to a $904 million deficit, following a $13.9 billion
deficit in the year ended June 2020.
Total operating
income increased by 12 percent, mostly led by an increase in
tax revenue.
The rise in tax revenue was led by
increases on income, profits, and capital gains (up 17
percent) and taxes on goods and services (up 16
percent).
Total operating expenditure increased by
0.9 percent, following a 20 percent increase in the year
ended June 2020.
Operating expenditure growth was
driven by an increase in purchases of goods and services (up
12 percent) but was partially offset by a fall in subsidies
(down 66 percent).
Net acquisition of non-financial
assets rose by $89 million to $5.7 billion, following a fall
in the June 2020 year.
Net borrowing was $6.6
billion.
Net worth increased by $40.4 billion to
$373.7 billion, following a decline in 2020.
Net
debt rose $3.2 billion to $51.6 billion.
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