Government Finance Statistics (general Government): Year Ended June 2022 

Published: Wed 7 Dec 2022 11:04 AM
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 2021total operating income increased by 10.6 percent, led by an increase in tax revenuethe 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 2021operating 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 yearnet borrowing was $16.6 billionnet worth increased by $22.7 billion to $406.1 billion, following a $45.3 billion increase in 2021net debt rose $17.9 billion to $70.2 billion.Visit our website to read this information release and to download CSV files:Government finance statistics (general government): Year ended June 2022CSV files for download

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