Budget 2012- Financing, Transfers, Customs, IRD
7th Jun 12, 10:10am
by
This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2012/13 budget year.
It also includes the cost of benefits delivered through the tax system.
Actual spending for the previous four years is on the left and includes, for the sake of comparison, the previous Labour Government's final spending in 2008/09.
The numbers are taken from the Vote Customs, Vote Revenue, and Vote Finance.
Links to the primary sources used, from Treasury's website, can be found at the bottom of the page.
Please note that some of the allocation titles have been shortened for the sake of space.
Figures for each allocation are in millions of NZ$.
| Actual 2008/09 | Actual 2009/10 | Actual 2011/10 | Actual 2011/12 | Financing, Transfers, Customs, IRD: | Budget 2012/13 | % |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.000 | 0.000 | 0.000 | 0.000 | AgResearch equity injection | 0.000 | 0.0 |
| 0.000 | 0.000 | 0.000 | 0.000 | Atihau-Whanganui Incorporation ex-gratia payment | 0.000 | 0.0 |
| 0.000 | 0.000 | 0.000 | 0.000 | Contribution to Atihau-Whanganui Incorporation negotiation costs | 0.000 | 0.0 |
| 1.425 | 0.437 | 0.000 | 0.000 | Crown deposit guarantee scheme | 0.000 | 0.0 |
| 0.849 | 0.141 | 0.000 | 0.000 | Crown wholesale guarantee facility | 0.000 | 0.0 |
| 0.000 | 7.400 | 0.000 | 0.000 | Hawke's Bay Airport equity injection | 0.000 | 0.0 |
| 4.500 | 0.000 | 0.000 | 0.000 | Industrial Research Limited equity injection | 0.000 | 0.0 |
| 0.000 | 1.800 | 0.000 | 0.000 | Invercargill Airport suspensory loan | 0.000 | 0.0 |
| 0.000 | 0.000 | 0.000 | 0.000 | Kaingaroa Forest road easements | 0.000 | 0.0 |
| 12.236 | 2.355 | 0.000 | 0.000 | Maui Gas contracts | 0.000 | 0.0 |
| 2,242.000 | 250.000 | 0.000 | 0.000 | NZ Superannuation Fund | 0.000 | 0.0 |
| 0.000 | 1,392.000 | 0.000 | 0.000 | Payments in respect of guarantees and indemnities | 0.000 | 0.0 |
| 15.268 | 0.000 | 0.000 | 0.000 | Port Nicholson Block Settlement Trust loan | 0.000 | 0.0 |
| 20.000 | 30.000 | 0.000 | 0.000 | Public Trust capital injection | 0.000 | 0.0 |
| 1,951.630 | 0.000 | 0.000 | 0.000 | Rail transport projects | 0.000 | 0.0 |
| 600.000 | 0.000 | 0.000 | 0.000 | RBNZ equity injection | 0.000 | 0.0 |
| 0.040 | 0.120 | 0.000 | 0.000 | Regulatory Responsibility Taskforce | 0.000 | 0.0 |
| 154.000 | 0.000 | 0.000 | 0.000 | Research and development tax credit | 0.000 | 0.0 |
| 0.000 | 4.000 | 0.000 | 0.000 | Rugby New Zealand 2011 Limited | 0.000 | 0.0 |
| 3.800 | 0.000 | 0.000 | 0.000 | Timberlands | 0.000 | 0.0 |
| 16.917 | 0.000 | 0.000 | 0.000 | Wellington Regional Council | 0.000 | 0.0 |
| 0.018 | 0.000 | 0.000 | 0.000 | Write-off of capital charge receivable | 0.000 | 0.0 |
| 0.000 | 0.171 | 0.148 | 0.000 | 2025 Productivity Taskforce | 0.000 | 0.0 |
| 0.000 | 0.360 | 0.552 | 0.000 | Mgmt of Crown lending and Crown bank accounts | 0.000 | 0.0 |
| 2.971 | 1.374 | 0.653 | 0.000 | Mgmt of liabilities, claims against the Crown | 0.000 | 0.0 |
| 0.000 | 2.755 | 2.481 | 0.000 | Economic and tax forecasting | 0.000 | 0.0 |
| 887.732 | 3.048 | 3.111 | 0.000 | Export Credit Office guarantees and indemnities | 0.000 | 0.0 |
| 0.000 | 3.238 | 1,873.930 | 0.000 | Crown guarantee schemes | 0.000 | 0.0 |
| 0.000 | 0.000 | 4.380 | 6.500 | Recovery from the Feb-11 Chc quake | 0.000 | 0.0 |
| 26.208 | 10.000 | 19.047 | 2.000 | Landcorp Protected Land Agreement | 2.000 | 0.0 |
| 0.000 | 0.000 | 65.125 | 0.000 | Asian Development Bank | 0.000 | 0.0 |
| 0.000 | 0.000 | 146.100 | 0.000 | Earthquake Commission | 0.000 | 0.0 |
| 0.000 | 0.000 | 1,000.770 | 0.000 | Supporting AMI | 0.000 | 0.0 |
| 0.007 | 0.010 | 0.010 | 0.010 | Adverse Event interest | 0.010 | 0.0 |
| (194.404) | Impairment of debt - student loans | 110.000 | 0.9 | |||
| 0.088 | 0.351 | 0.211 | 0.216 | Crown's obligations for geothermal wells | 0.151 | 0.0 |
| 0.040 | 0.230 | 0.047 | 0.230 | Crown residual liabilities | 0.230 | 0.0 |
| 0.000 | 0.500 | 0.000 | 0.000 | Geothermal wells fund | 0.500 | 0.0 |
| 0.050 | Govt Superannuation appeals board | 0.050 | 0.0 | |||
| 0.051 | Taitokerau Forests Grant | 0.200 | 0.0 | |||
| 0.052 | World Customs Organisation | 0.052 | 0.0 | |||
| 0.121 | Payments of Guarnatees and indemnities | 0.000 | 0.0 | |||
| 0.250 | Impairment of loans - Taitokerau Forests | 0.800 | 0.0 | |||
| 0.250 | Provision of fin.services NZ LGFA | 0.465 | 0.0 | |||
| 0.013 | 0.500 | 0.500 | 0.500 | Unclaimed money | 0.500 | 0.0 |
| 0.469 | Promotion of productivity - related matters | 0.503 | 0.0 | |||
| 0.384 | 0.504 | 10.320 | 0.348 | Mgmt of the New Zealand Superannuation Fund | 0.528 | 0.0 |
| 0.000 | 0.313 | 0.803 | 0.609 | Administration of investment of public money | 0.772 | 0.0 |
| 0.000 | 1.308 | 1.092 | 0.951 | Administration of derivative transactions | 1.126 | 0.0 |
| 0.866 | 2.798 | 4.582 | 1.820 | Admin of guarantees and indemnities given by the Crown | 1.069 | 0.0 |
| 37.000 | 6.500 | 1.720 | 0.250 | Taitokerau Forests | 0.800 | 0.0 |
| 1.289 | 2.000 | 2.000 | 2.000 | Environmental Restoration Account interest | 2.000 | 0.0 |
| 2.000 | Change in doubtful debt provision | 2.000 | 0.0 | |||
| 0.919 | 1.500 | 2.000 | 2.000 | Payroll subsidy | 3.000 | 0.0 |
| 2.500 | National Provident Fund - scheme deficiency | 0.000 | 0.0 | |||
| 5.984 | 4.100 | 2.800 | 2.000 | Child Tax Credit | 1.600 | 0.0 |
| 3.000 | Shared support services | 8.000 | 0.1 | |||
| 1.712 | 0.891 | 1.397 | 3.393 | Treasury capex | 1.900 | 0.0 |
| 0.000 | 4.852 | 4.808 | 4.225 | Infrastructure advice and co-ordination | 0.000 | 0.0 |
| 3.497 | Extending mixed ownership model | 0.000 | 0.0 | |||
| 4.709 | Monitoring advice to Ministers & others | 5.374 | 0.0 | |||
| 0.000 | 0.000 | 2.340 | 4.222 | Inquiries into productivity | 4.525 | 0.0 |
| 0.000 | 5.701 | 5.231 | 4.374 | Administration of Crown borrowing NZDMO | 5.010 | 0.0 |
| 0.000 | 0.000 | 0.000 | Extending the mixed ownership model | |||
| 5.783 | Revenue collection | 5.526 | 0.0 | |||
| 4.049 | 7.000 | 7.000 | 7.000 | Income equalisation interest | 7.000 | 0.1 |
| Int'l services & ministerial servicing | 5.505 | 0.0 | ||||
| 0.000 | 6.905 | 5.410 | 0.000 | Fiscal management and reporting | 0.000 | 0.0 |
| 7.000 | Unwind discount rate on Crown Deed (AMI) | 30.000 | 0.3 | |||
| 7.872 | Financial operations & operational advice | 19.335 | 0.2 | |||
| 8.037 | Information & Intelligence | 20.461 | 0.2 | |||
| 8.825 | Policy Advice & Int'l services | |||||
| 11.000 | Minimum family tax credit | 11.000 | 0.1 | |||
| 14.953 | 15.700 | 15.300 | 17.200 | New Zealand House, London (incl mgmt & capex) | 17.200 | 0.1 |
| 20.346 | 20.800 | 19.200 | 18.000 | Parental Tax Credit | 17.000 | 0.1 |
| 24.760 | Govt Super Fund Authority - crown share | 24.599 | 0.2 | |||
| 46.802 | Mixed Ownership Model - implemtation & sales | 41.000 | 0.3 | |||
| 111.726 | 62.000 | 58.716 | 29.000 | National Provident Fund Schemes | 37.000 | 0.3 |
| 40.538 | 33.503 | 49.304 | 63.058 | Policy advice & Policy advice - finance | 44.943 | 0.4 |
| 117.627 | Clearance & Enforcement services | 129.699 | 1.1 | |||
| 49.494 | NZ Customs capital expenditure | 36.580 | 0.3 | |||
| 65.000 | IRD capital expenditure | 104.000 | 0.9 | |||
| 108.112 | Rugby World Cup crown share | 0.000 | 0.0 | |||
| 109.476 | Mgmt of debt & outstanding returns | 130.872 | 1.1 | |||
| 112.000 | Impairment of debt - child support | 422.000 | 3.5 | |||
| 115.511 | Initial fair value write down - student loans | 651.242 | 5.5 | |||
| 120.664 | Services to process obligations and payments | 124.789 | 1.0 | |||
| 142.787 | 153.900 | 154.600 | 156.000 | Paid parental leave payments | 163.000 | 1.4 |
| 174.052 | 169.276 | 163.109 | 168.684 | Taxpayer audits | 172.341 | 1.4 |
| 129.588 | 145.196 | 158.498 | Customs | |||
| 274.000 | 270.000 | 148.000 | 175.000 | International financial institutions | 220.000 | 1.8 |
| 247.000 | Impairment of debt | 246.522 | 2.1 | |||
| 253.596 | 238.624 | 237.258 | 247.808 | Services to inform the public about entitlements and meeting obligations | 256.103 | 2.1 |
| 294.160 | 308.263 | 265.220 | Inland Revenue Department | |||
| 500.000 | Crown Asset Mgmt - equity injection | 0.000 | 0.0 | |||
| 584.461 | 604.000 | 592.000 | 568.000 | In-Work tax credit | 565.000 | 4.7 |
| 1,280.970 | 1,045.000 | 1,039.000 | 708.000 | Kiwisaver | 688.000 | 5.8 |
| 979.235 | 682.742 | 653.898 | 515.291 | Government Superannuation Fund | 673.284 | 5.6 |
| 204.740 | 215.000 | 493.000 | 220.000 | Child Support payments | 227.000 | 1.9 |
| 2,439.040 | 1,511.490 | 1,107.000 | 857.000 | Bad Debt write-offs | 894.000 | 7.5 |
| 2,062.100 | 2,200.100 | 2,214.000 | 2,111.000 | Family Tax Credit | 2,113.000 | 17.7 |
| 2,095.930 | 2,288.840 | 3,031.738 | 3,457.514 | Debt servicing interest | 3,689.533 | 30.9 |
| -------- | -------- | -------- | ---------------------------------- | |||
| 17,094.2 | 11,719.6 | 13,568.4 | 10,841.7 | Totals | 11,940.7 |
You can get back to the main page that summarises all government spending here >>
Sources:
Customs: www.treasury.govt.nz/budget/2012/estimates/est12cust.pdf
Finance: www.treasury.govt.nz/budget/2012/estimates/est12finan.pdf
Revenue: www.treasury.govt.nz/budget/2012/estimates/est12reven.pdf
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