Fiscal outlook
In recent years, government spending has ballooned and public debt has risen sharply. The Government is committed to getting the books back in order, by bringing much-needed discipline to government spending and driving efficiency.
The Government is on track to meet its fiscal objectives of reducing core Crown expenses towards 30 per cent of GDP, returning the operating balance (before gains and losses, excluding ACC) to surplus, and bending the debt curve so it stops rising and starts going down towards 40 per cent of GDP.
Core Crown expenses
Operating balance (before gains and losses, excluding ACC)
Net core Crown debt
How taxpayers’ money is being spent
