This is an overview of information about government's revenue and expenditure (spending) on the Treasury website.
Revenue
The following is an overview of information about government revenue on the Treasury website, including tax outturn data.
What are the Government's main sources of revenue?
The Government's main sources of revenue come from tax, levies, fees, investment income and from the sales of goods and services.
A breakdown of the total Crown revenue can be found in the latest financial statements of the Government within Note 4: Sovereign Revenue.
The Government’s Revenue Strategy sets out its current objectives for the tax system. The current Revenue Strategy can be found in the Fiscal Strategy section of the Wellbeing Budget 2023: Support for today Building for tomorrow.
The Treasury's Role
The Treasury is responsible for forecasting how much tax revenue the government can expect to earn. Twice a year the Treasury publishes Economic and Fiscal Updates which forecast revenue for the following five years.
The Financial Statements of the Government of New Zealand report on revenue that the government has received.
Inland Revenue also forecasts how much the government is likely to receive in revenue in future years.
The Treasury provides tax policy advice jointly with the Inland Revenue.
Tax and Welfare Analysis (TAWA) is the Treasury’s microsimulation model of the New Zealand personal tax and transfer system. It is used extensively in work related to policy analysis of tax and welfare settings. There is guidance available for those want to commission TAWA work - Tax and Welfare Analysis (TAWA) Commissioning Manual.
Expenditure
A breakdown of total Crown expenditure can be found with the latest Financial Statements of the Government. A breakdown of expenses by functional classification can be found within these statements.
Key Publications and Data
- Financial Statements of the Government of New Zealand for the Year Ended 30 June 2023
- Economic and Fiscal Updates - For details of forecast expenditure.
- Fiscal Strategy section of the Wellbeing Budget 2023: Support for today Building for tomorrow
- Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes - A tool used for calculating the effects changes to tax rates would have on the Government's revenue.
- Tax Outturn Data - Tables of monthly tax revenue and receipts from collecting departments.