Government Spending in New Zealand increased to 12736 NZD Million in the second quarter of 2020 from 12525 NZD Million in the first quarter of 2020.

Government Spending in New Zealand averaged 8191.66 NZD Million from 1987 until 2020, reaching an all time high of 12736 NZD Million in the second quarter of 2020 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 October of 2020. source: Statistics New Zealand

Government Spending in New Zealand is expected to be 11853.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in New Zealand to stand at 14498.00 in 12 months time. In the long-term, the New Zealand Government Spending is projected to trend around 12296.00 NZD Million in 2021 and 12640.00 NZD Million in 2022, according to our econometric models.

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New Zealand Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
12736.00 12525.00 12736.00 5489.00 1987 - 2020 NZD Million Quarterly
Constant Prices, SA

New Zealand Government Last Previous Highest Lowest Unit
Government Debt to GDP 19.00 19.60 54.80 4.40 percent [+]
Government Budget 2.50 1.90 4.50 -8.90 percent of GDP [+]
Government Budget Value 7508.00 5534.00 7508.00 -18396.00 NZD Million [+]
Government Spending 12736.00 12525.00 12736.00 5489.00 NZD Million [+]
Government Revenues 119293.00 109973.00 119293.00 23033.00 NZD Million [+]
Fiscal Expenditure 111439.00 104014.00 111439.00 25381.00 NZD Million [+]
Government Debt 57736.00 57495.00 61880.00 405.00 NZD Million [+]
Credit Rating 93.00 [+]
Military Expenditure 2307.00 2328.00 2332.00 1044.00 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.