Budget advisory: where government gets its money and where it spends it

For the purposes of making commenting on the 2015 Budget a little easier, here’s some information about where government gets its money from, and where it spends it. This is taken from the 2014 Budget figures.

Most of government’s money comes from tax. This is the breakdown of government revenue from the 2014 Budget.

govtrev

Government spends most of its income on welfare, health and education. The single biggest item of government expenditure is New Zealand superannuation.

govtexp

Details on government revenue and government expenditure were sourced from the 2014 Budget page on the NZ Treasury website. The revenue and expenditure figures above exclude income and expenditure by SOEs.

This entry was posted in Economics, NZ Politics, Taxation and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s