Government Spending in New Zealand increased to 13811 NZD Million in the second quarter of 2021 from 13639 NZD Million in the first quarter of 2021. source: Statistics New Zealand

Government Spending in New Zealand averaged 8353.42 NZD Million from 1987 until 2021, reaching an all time high of 13811 NZD Million in the second quarter of 2021 and a record low of 5489 NZD Million in the second quarter of 1987. This page provides the latest reported value for - New Zealand Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in New Zealand is expected to be 13298.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Government Spending is projected to trend around 14261.00 NZD Million in 2022 and 14661.00 NZD Million in 2023, according to our econometric models.

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New Zealand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
13811.00 13639.00 13811.00 5489.00 1987 - 2021 NZD Million Quarterly
Constant Prices, SA

New Zealand Government Last Previous Highest Lowest Unit
Government Debt to GDP 27.00 19.00 54.80 4.40 percent of GDP [+]
Government Budget -7.50 2.40 4.50 -8.90 percent of GDP [+]
Government Budget Value -23057.00 7429.00 7429.00 -23057.00 NZD Million [+]
Government Spending 13811.00 13639.00 13811.00 5489.00 NZD Million [+]
Government Revenues 116003.00 119293.00 119293.00 23033.00 NZD Million [+]
Fiscal Expenditure 138916.00 111439.00 138916.00 25381.00 NZD Million [+]
Government Debt 83375.00 57736.00 83375.00 405.00 NZD Million [+]
Credit Rating 93.00 [+]
Military Expenditure 3008.00 2927.00 3008.00 998.00 USD Million [+]

New Zealand Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.