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 polyline graph illustrates the financial position of a New Zealand local authority in millions from 2012

till

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to

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the present and

also

shows the estimations till 2022. 

Overall

,

it is clear that

rates

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of revenue

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revenue

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of revenue

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and user charges are predicted to increase over the period.

While

,

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borrowings and grants and subsidies are likely to remain much lower. 

Rates

revenue and user charges increased moderately till 2018 and they are forecasted to follow the similar pattern over the rest of the time frame.

Rates

revenue stood at just under 1.5 billion in 2012, which was the highest of the four criteria. Though it remained stable for a year

but

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then

increased gradually until 2018, it is expected to climb to approximately 2.4 billion dollars in 2022. Like

rates

revenues, user charges are predicted to increase continuously. They began the period at 1 billion and are likely to become twice by 2022.