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 make comparisons where relevant.

The line graph illustrates the financial position of a New Zealand local authority from 2012 to 2022. It is measured in millions of New Zealand dollars.

Overall

, it can be seen that

while

rates

, revenue and user charges are predicted to increase over the period, borrowings and grants and subsidies will remain much lower.

Rates

revenues and user charges will follow a very similar pattern over the time frame.

Rates

revenue stood at just under 1.5

billion

in 2012, which was the highest of the four criteria. Though they remained stable until 2013, they are expected to climb to approximately 2.4

billion

dollars in 2022. Like

rates

, revenues,

usage

Correct word choice

and usage

show examples

charges are predicted to continuously increase. They began the period at 1

billion

and will stand at twice

this

level by 2022. Borrowings,

on the other hand

, are expected to show considerable fluctuation.

Although

having

initially

increased, they will drop to a low of 600 million in 2016, before reaching a peak of just under 1.5

billion

in 2020. Borrowings will finish the period at around the same level that they began. Grant and subsidies were the lowest of the four, at under 500 million in 2012. Despite moving up to exceed borrowing briefings in 2016,

this

low level will continue until 2022.