Government finances stable


In the year ended June 2015, central government’s net operating balance increased to a $2.5 billion surplus. Its total revenue increased 5.6 percent, led by an increase in individual income tax, and its expenses increased 2.8 percent as superannuation payments rose. This is according to Statistics New Zealand.

Its net acquisition of non-financial assets rose $0.3 billion to $2.2 billion.

Net lending was $0.3 billion and net worth totalled $80.6 billion at 30 June 2015.

The ratio of net debt to nominal GDP fell to 26.7 percent at 30 June 2015.