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Government & Economy in New Zealand

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Private property rights are strongly protected, and New Zealand ranks among the world’s top countries for contract security. The judicial system is independent and functions well. New Zealand ranked first out of 180 countries surveyed in Transparency International’s 2017 Corruption Perceptions Index. The country is renowned for its efforts to ensure a transparent, competitive, and corruption-free government procurement system.

Property Rights : 95.0
Government Integrity : 96.7
Judicial Effectiveness : 83.5

The top income tax rate is 33 percent, and the top corporate tax rate is 28 percent. Other taxes include goods and services and environmental taxes. The overall tax burden equals 32.1 percent of total domestic income. Over the past three years, government spending has amounted to 40.7 percent of the country’s output (GDP), and budget surpluses have averaged 1.2 percent of GDP. Public debt is equivalent to 26.4 percent of GDP.

Government Spending : 50.4
Tax Burden : 71.0
Fiscal Health : 98.6

heritage.org

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