The money Inland Revenue collects helps pay for the essential services that all New Zealanders benefit from, such as roads, education and healthcare. It's our responsibility to ensure the Government has funding for these essential services.
We collect revenue to help fund government programmes. In 2021-22, revenue was $101.3 billion. Tax revenue was $100.6 billion. Direct or income taxation (for example individuals income tax or corporate tax) accounts for 75% of tax revenue. GST accounts for 25%. For full details, refer to the 'Schedule of non-departmental revenue.
Schedule of non-departmental revenue (2022)
Our total tax revenue of $100.6 billion was made up of the following.
- Individuals tax $51.4 billion (51% of tax revenue).
- Corporate tax $20.4 billion (20% of tax revenue).
- GST $24.7 billion (25% of tax revenue).
- Other $4.1 billion (4% of tax revenue).
In 2020-21, the Government expected to spend in the following areas.
- $43.4 billion: Social security and welfare.
- $29.9 billion: Health.
- $18.3 billion: Education.
- $9.3 billion: Economic and industrial services.
- $5.8 billion: Core government services.
- $5.7 billion: Law and order.
- $5.1 billion: Transport and communications.
- $2.8 billion: Defence.
- $2.8 billion: Environmental protection.
- $2.7 billion: Housing and community.
- $1.7 billion: Heritage, culture and recreation.
- $1.2 billion: Primary services.
- $0.4 billion: Other.
- $0.1 billion: Government Superannuation Fund pension expenses.
Full details can be found on the Treasury website.