The line graph shows the past and projected finances for a local authority in New Zealand. Summarize the information by selecting and reporting the main features and making comparisons where relevant.+
The line chart compares the millions of dollar of four different finances for a native dominance from the past and make an estimated outcome in New Zealand over a period of 10 years from 2012 to 2022 and projected year in 2030.
Overall, it is immediately apparent from the line graph that increases and decreases as millions of dollars from the four several categories and keeps predictions of the upward trend observed in the two major departments are rates revenue and user charges.
At the beginning of the period, in 2012, the rates revenue accounted for nearly $1400 million whereas this trend climbed upwards and finances reached with shares $2000 million in 2020 and this revenue would be surged up at above $500 million in the ending financial year of 2030. However, the term of user charges follows the same trend as rates revenue with shares of $1000 million. Over the next five years, the funds for local regimes crossed the barrier, which accounted for $1500 million and skyrocketed would be assumed to approximately more than $2000 million in the ending year of June 30.
Furthermore, borrowings are the most fluctuated finance department for authority in New Zealand which accounted at below $1000 million in 2012 and slightly got inclined by $100- $200 million after two years but drastically plummeted at $600 million and went in free fall for next six years and reached $800 million in 2022 and projected would be the same value on June 30. It s interesting to note that grants and subsidies have the least number of finances in New Zealand, with a low value at $400 million and remaining unchanged until 2015 with shares of $700 million and a predicted $500 million after eight years.
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