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.

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

• Government finance statistics (general government): Year ended June 2021
• CSV files for download

© Scoop Media