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Budget 2024: The Government has announced FamilyBoost, a proposed new childcare payment to help eligible families with the rising costs of Early Childhood Education (ECE). Find out more: Beehive.govt.nz

The money Te Tari Taake, Inland Revenue collects helps pay for the essential services that all New Zealanders benefit from such as healthcare, social policy payments, education and protecting our environment. It’s our responsibility to ensure government has funding for them.

In 2022–23, total revenue was $105.5 billion. Tax revenue was $104.5 billion. Direct or income taxation (for example, individuals income tax or corporate tax) accounted for 75% of tax revenue. GST accounted for 25%. 

Amount of tax revenue for the 2022-23 year.
Tax type Revenue Percentage of tax revenue
Individuals tax $54.6 billion 52%
Corporate tax $18.6 billion 18%
GST $25.9 billion 25%
Other $5.4 billion 5%
Total tax revenue $104.5 billion 100%

In 2022–23, the Government expected to spend in these areas: 

  • $41.8 billion: Social security and welfare
  • $29.5 billion: Health
  • $18.9 billion: Education
  • $6.6 billion: Core government services
  • $6.3 billion: Law and order
  • $6.2 billion: Transport and communications
  • $4 billion: Economic and industrial services
  • $3.2 billion: Environmental protection 
  • $3 billion: Defence
  • $3 billion: Housing and community development
  • $1.7 billion: Heritage, culture and recreation
  • $1.5 billion: Primary services
  • $0.1 billion: Other
  • $0.1 billion: Government Superannuation Fund pension expenses

 From Te Tai Ōhanga, the Treasury’s Budget Economic and Fiscal Update 2023, published in May 2023:

Budget Economic and Fiscal Update 2023

Last updated: 18 Dec 2023
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