Core Crown revenue (inflation-adjusted, 2024/25 prices) was $134,411 million in 2024/25, down $2,000 million on a year earlier.
Updated
Source: Stats NZ Tatauranga Aotearoa and The Treasury (New Zealand); NZ in Numbers calculation. Last retrieved 10 October 2026.
| Period | Core Crown revenue (inflation-adjusted, 2024/25 prices) ($m) | Core Crown tax revenue (inflation-adjusted, 2024/25 prices) ($m) | Core Crown expenses (inflation-adjusted, 2024/25 prices) ($m) |
|---|---|---|---|
| 2024/25 | $134,411 million | $121,698 million | $141,675 million |
| 2023/24 | $136,411.4 million | $123,454.2 million | $142,327.8 million |
| 2022/23 | $131,917 million | $120,114.8 million | $136,381.3 million |
| 2021/22 | $134,139.8 million | $123,801.5 million | $143,415.4 million |
| 2020/21 | $127,350.3 million | $118,875.9 million | $130,742.5 million |
| 2019/20 | $113,683.8 million | $105,248.1 million | $134,595.7 million |
| 2018/19 | $117,713.1 million | $108,890.3 million | $109,508.6 million |
| 2017/18 | $111,178.5 million | $102,781.6 million | $103,232.6 million |
| 2016/17 | $106,373.2 million | $98,389.5 million | $99,293.5 million |
| 2015/16 | $100,410.6 million | $92,923.4 million | $97,519.1 million |
| 2014/15 | $95,573.7 million | $88,192.5 million | $95,772.2 million |
| 2013/14 | $89,338.1 million | $81,974.6 million | $94,772.2 million |
| 2012/13 | $86,264.3 million | $79,296.1 million | $94,588.5 million |
| 2011/12 | $82,365.9 million | $75,077.7 million | $93,966.8 million |
| 2010/11 | $79,694.9 million | $71,834 million | $97,668.4 million |
| 2009/10 | $80,645.1 million | $73,394.4 million | $91,922.4 million |
| 2008/09 | $87,182.9 million | $80,540.1 million | $93,840.5 million |
| 2007/08 | $93,697.9 million | $86,351.2 million | $86,360.3 million |
| 2006/07 | $90,941.8 million | $83,891.8 million | $84,342.1 million |
| 2005/06 | $89,391 million | $82,101.1 million | $79,058.5 million |
Lines break at accounting-basis changes and missing periods. Source: Stats NZ Tatauranga Aotearoa and The Treasury (New Zealand); NZ in Numbers calculation.
Core Crown revenue, tax revenue and expenses expressed in constant 2024/25 prices, so years can be compared after removing the effect of rising prices. Fiscal years (June years from 1990, March years before).
These affect how the figures can be compared.
The latest ten periods for up to the first six series. Downloads contain every published observation.
| Period | Core Crown revenue (inflation-adjusted, 2024/25 prices) | tax (inflation-adjusted, 2024/25 prices) | government spending (inflation-adjusted, 2024/25 prices) |
|---|---|---|---|
| 2024/25 | $134,411 million | $121,698 million | $141,675 million |
| 2023/24 | $136,411 million | $123,454 million | $142,328 million |
| 2022/23 | $131,917 million | $120,115 million | $136,381 million |
| 2021/22 | $134,140 million | $123,802 million | $143,415 million |
| 2020/21 | $127,350 million | $118,876 million | $130,743 million |
| 2019/20 | $113,684 million | $105,248 million | $134,596 million |
| 2018/19 | $117,713 million | $108,890 million | $109,509 million |
| 2017/18 | $111,179 million | $102,782 million | $103,233 million |
| 2016/17 | $106,373 million | $98,390 million | $99,294 million |
| 2015/16 | $100,411 million | $92,923 million | $97,519 million |
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The attached CSV is Government revenue and spending, adjusted for inflation (government-finances-real), from Stats NZ Tatauranga Aotearoa and The Treasury (New Zealand); NZ in Numbers calculation, NZ in Numbers calculation. Describe how each measure has changed, naming its unit and period. Treat changes in basis and missing periods as breaks. Distinguish observation from explanation. Limitations: Adjusts for consumer prices, not for population growth or the size of the economy; see per-person (to be added once population is connected) and % of GDP views. Accounting-basis breaks in the nominal series (1994, 1997, 2005) carry through; compare within a basis. The CPI measures household prices, which can differ from the prices the government pays.. Do not infer causation from changes during government terms.
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Calculated by NZ in Numbers from Stats NZ Tatauranga Aotearoa, Consumers price index (quarterly); The Treasury (New Zealand), Fiscal Time Series – Historical Fiscal Indicators.
