The line graph illustrates the financial data for a local authority in New Zealand over a period from 2012 to 2022.
Overall, the authority’s finances in the given country adhered to rising trends, albeit to varying degrees. While revenue rates had higher costs, followed by user charges, borrowings and grants remained at the bottom, despite a gradual increase throughout the decade.
Revenue rates stood at about $1,400 million dollars in the initial years, before decreasing slightly about $1,300 million in 2013. It was not until this costs began to surge at the turn of the century. A notable jump can be seen between 2014 and 2020, with rates revenue escalating from $1,500 million to $2,500 million. User charges also demonstrated a positive trajectory, rising from around $1,000 million in 2012 to approximately $2,000 million by 2022.
Borrowings, grants and subsidies, however, somewhat bucked the trend. Borrowings starting at about $300 million in 2012, before experiencing a fluctuation in 4 years. After that year on, this figure remained stable in 3 years with $900 million, after that this figure increased to about $1,400 million. In the final period, this figure decreased to $700 million. As for Grants and Subsidies, these began at nearly $450 million in 2012, peaking at $800 million in 2016 before experiencing volatility, ultimately stabilizing around $450 million by 2022.