tdgeek:
I guess that's all in each budget publication, and presumably that document never gets taken apart by third party analysts? In any case, it still comes back to where is the money coming from and what do we do with it.
Correct. The information is readily available on an annual and half yearly basis. For example https://www.treasury.govt.nz/publications/efu/budget-economic-and-fiscal-update-2023 has expense tables breaking down the major areas of spend.
Our two single biggest drivers of spend are Social Security and Welfare (up 47% since 2018 after excluding COVID costs) driven by 30% increase in NZ Super and a doubling in Jobseeker/Emerency Benefits and related benefits like Accomm Assistance & Hardship Assistance etc. Note that the number of beneficiaries is only up 25% and NZSuper beneficiaries up by 14% before there is a claim that these numbers have exploded.
And Health - which as mentioned before is up 50% (after excluding COVID costs) since 2018 (my error before I quoted 2017 as the baseline so Health spend from 2017 to 2022 is even higher.
There is as much scrutiny on the Governments financials as there is on listed company financials - woeful scrutiny. And even less reporting on Government financials than listed companies.
The Banks and Supermarkets get more scrutiny about their "excessive" profits (BS) than the Government gets about its economic efficiency. Imagine if Supermarkets spent huge sums on swanky fitouts and Banks had empty branches in every small town but both made no money. Would their level of pricing and revenue still be acceptable? If a corporate gouges on prices and pays exorbitantly for its number of staff (salaries and perks), is it still okay to price gouge? Spot the analogy.