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 2022:
general
government net operating deficit was $7.0 billion, following
a $0.8 billion deficit in the year ended June
2021
total operating income increased by 10.6
percent, led by an increase in tax revenue
the rise
in tax revenue was led by increases in income, profits, and
capital gains (up 17.3 percent)
total operating
expenditure increased by 15.3 percent, following a 0.9
percent increase in the year ended June
2021
operating expenditure growth was driven by an
increase in subsidies (up $7.5 billion) and a further
increase in purchases of goods and services (up $4.8
billion)
net acquisition of non-financial assets
rose by $1.9 billion to $9.5 billion following a rise in the
June 2021 year
net borrowing was $16.6
billion
net worth increased by $22.7 billion to
$406.1 billion, following a $45.3 billion increase in
2021
net debt rose $17.9 billion to $70.2
billion.
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