Budget 2016 - Financing, Transfers, Customs, IRD
1st Jun 16, 4:19pm
by
This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2016/17 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.
The numbers are taken from the Vote Customs, Vote Revenue, and Vote Finance.
Links to the primary source 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$.
|
Actual 2012/13
|
Actual 2013/14
|
Actual 2014/15 | Actual 2015/16 | Financing, Transfers, Customs, IRD: | Budget 2016/17 |
%
|
|
NZ$m
|
NZ$m
|
NZ$m
|
NZ$m
|
NZ$m
|
||
|
5.138
|
5.371
|
0.000
|
Administration of Crown borrowing NZDMO | |||
|
0.772
|
0.702
|
0.000
|
Administration of investment of public money | |||
|
925.000
|
931.000
|
0.000
|
Bad Debt write-offs | |||
|
58.809
|
10.000
|
0.000
|
Crown Asset Mgmt - equity injection | |||
|
0.000
|
0.527
|
0.000
|
Export Credit Office guarantees and indemnities | |||
|
639.505
|
0.000
|
0.000
|
Government Superannuation Fund | |||
|
0.000
|
4.100
|
0.000
|
Impairment of Learning Media Funding Facility | |||
|
0.000
|
4.100
|
0.000
|
Learning Media Funding Facility | |||
|
0.000
|
22.000
|
0.000
|
Loyalty bonus scheme - relating to IPO's | |||
|
0.000
|
49.134
|
0.000
|
Mixed Ownership Model - implemtation & sales | |||
|
0.000
|
30.000
|
0.000
|
New Zealand Aluminium Smelters - Electricity Agreement Incentive Payment | |||
|
0.000
|
0.083
|
0.000
|
Payments in respect of guarantees and indemnities | |||
|
0.004
|
0.000
|
0.000
|
Payments of Guarnatees and indemnities | |||
|
0.000
|
130.000
|
0.000
|
Solid Energy NZ Ltd - Loan facilities | |||
|
0.000
|
25.000
|
0.000
|
Solid Energy NZ Ltd - redeemable preference share impairment | |||
| 0.000 | 0.000 | 25.000 | Solid Energy NZ Ltd - redeemable preference shares | |||
|
0.000
|
0.145
|
0.151 | Mgmt of Crown obligation for geothermal wells | |||
|
0.800
|
0.000
|
0.200 | Impairment of loans - Taitokerau Forests | |||
|
0.200
|
0.244
|
0.200 | Taitokerau Forests Grant | |||
|
0.500
|
0.200
|
0.500 | Unclaimed money | |||
|
0.700
|
1.700
|
1.300 | Taitokerau Forests | |||
|
2.000
|
2.000
|
2.000 | Change in doubtful debt provision | |||
|
23.072
|
6.266
|
4.000 | Landcorp Protected Land Agreement & capital | |||
|
3.572
|
5.959
|
4.992 | Monitoring advice to Ministers & others | |||
|
5.832
|
6.601
|
6.493 | Revenue collection | |||
|
7.000
|
8.000
|
7.000 | Income equalisation interest | |||
|
1.126
|
0.973
|
8.917 | Administration of derivative transactions | |||
|
53.700
|
30.279
|
10.740 | NZ Customs capital expenditure | |||
|
13.678
|
15.295
|
13.497 | Unwind discount rate on Crown Deed (AMI) | |||
|
14.000
|
13.050
|
14.750 | New Zealand House, London (incl mgmt & capex) | |||
|
17.000
|
17.000
|
19.000 | Parental Tax Credit | |||
|
24.000
|
26.000
|
25.000 | National Provident Fund Schemes | |||
| 1.126 | 0.973 | 8.917 | Administration of derivative transactions | |||
| 0.165 | 0.165 | 0.165 | Provision of fin.services NZ LGFA | |||
| 0.050 | Govt inquiry into foreign trust disclosure regime | |||||
| 1.851 | Solid Energy NZ Ltd - payments for enviornmental rehabilitation | |||||
| 6.100 | Otakaro cash injection | |||||
| 20.000 | Auckland Council Loans: Loss on early repayment | |||||
| 60.900 | Solid Energy NZ Ltd - write off of historical investment | |||||
| 167.000 | Impairment of investment in Southern Response Earthquake Services | |||||
| 167.000 | Southern Response Earthquake Services equity investmen | |||||
| 0.010 | 0.010 | 0.010 | 0.020 | Adverse event interest | 0.010 | 0.0 |
| 0.050 | 0.050 | 0.050 | 0.050 | Govt Superannuation appeals board | 0.050 | 0.0 |
| 0.045 | 0.048 | 0.052 | 0.058 | World Customs Organisation | 0.060 | 0.0 |
| 0.230 | 0.055 | 0.230 | 0.015 | Crown residual liabilities | 0.060 | 0.0 |
| 0.000 | 0.000 | 0.000 | 0.150 | Crown's obligations for geothermal wells | 0.151 | 0.0 |
| 0.201 | Crown Company Monitoring Advice to the Minister for Science & Innovation and Other Responsible Ministers | 0.216 | 0.0 | |||
| 0.473 | Grants | 0.230 | 0.0 | |||
| 0.500 | 0.200 | 0.500 | 0.040 | Unclaimed money | 0.250 | 0.0 |
| Unclaimed trust money | 0.250 | 0.0 | ||||
| 1.551 | 0.418 | 0.110 | 0.061 | Admin of guarantees and indemnities given by Crown | 0.310 | 0.0 |
| 0.500 | 0.000 | 0.500 | Geothermal wells fund | 0.500 | 0.0 | |
| 0.400 | Loans | 0.500 | 0.0 | |||
| 0.528 | 0.408 | 0.528 | 0.628 | Mgmt of the New Zealand Superannuation Fund | 0.528 | 0.0 |
| 0.629 | Research into and Promotion of Productivity-Related Matters | 0.629 | 0.0 | |||
| Capital Expenditure | 0.750 | 0.0 | ||||
| 1.700 | 1.800 | 1.300 | 1.100 | Child Tax Credit | 0.900 | 0.0 |
| 0.800 | Property Management | 1.000 | 0.0 | |||
| 0.800 | 0.000 | 0.200 | 5.791 | Impairment of loans - Taitokerau Forests | 1.100 | 0.0 |
| 1.625 | Review and Reform of Local Government Infrastructure Arrangements | 1.605 | 0.0 | |||
| 0.410 | Renegotiation of lease arrangements | 1.900 | 0.0 | |||
| 1.500 | Capital Investments | 2.000 | 0.0 | |||
| 2.000 | 2.000 | 2.000 | 2.000 | Environmental Restoration Account interest | 2.000 | 0.0 |
| 2.200 | Operating Costs | 2.250 | 0.0 | |||
| 1.605 | Unwind of Discount Rate Used in the Present Value Calculation of Payment for shares in International Financial Institutions |
2.920 | 0.0 | |||
| 0.000 | 0.650 | 3.060 | 2.560 | Services to other agencies | 3.060 | 0.0 |
| Tamaki regeneration | 3.190 | 0.0 | ||||
| 6.900 | Direct Sale Costs for Implementing the Social Housing Reform Programme | 3.600 | 0.0 | |||
| 4.654 | 6.121 | 4.833 | 6.274 | Treasury capex | 4.240 | 0.0 |
| 5.028 | 5.030 | 5.030 | 4.401 | Inquiries into productivity | 4.401 | 0.0 |
| 4.716 | Crown Company Monitoring Advice to the Minister for State-Owned Enterprises and Other Responsible Ministers | 4.659 | 0.0 | |||
| 4.545 | Policy Advice - Customs | 4.791 | 0.0 | |||
| 318.000 | 296.000 | 323.000 | 5.000 | Impairment of debt - child support | 5.000 | 0.0 |
| 2.600 | 3.300 | 4.000 | 4.700 | Payroll subsidy | 5.900 | 0.0 |
| 9.744 | Implementation of the Social Housing Reform Programme | 7.860 | 0.1 | |||
| 2.000 | 2.000 | 2.000 | 8.000 | Change in doubtful debt provision | 8.000 | 0.1 |
| 16.370 | Unwind of Discount Rate Used in the Present Value Calculation of Payment Under Crown Deed of Support with Southern Response Earthquake Services Ltd |
8.088 | 0.1 | |||
| 4.883 | 4.717 | 4.112 | 9.115 | Int'l services & ministerial servicing | 9.232 | 0.1 |
| 5.138 | 5.371 | 0.000 | 8.997 | Administration of Crown borrowing NZDMO | 9.249 | 0.1 |
| 8.952 | Policy advice - Revenue | 9.252 | 0.1 | |||
| 7.000 | 8.000 | 7.000 | 13.000 | Income equalisation interest | 10.000 | 0.1 |
| 12.000 | KiwiSaver Interest | 10.000 | 0.1 | |||
| 5.832 | 6.601 | 6.493 | 8.332 | Revenue collection | 11.001 | 0.1 |
| 47.433 | 212.000 | 30.500 | 350.494 | International financial institutions | 12.000 | 0.1 |
| 13.900 | Operational Costs | 13.000 | 0.1 | |||
| 14.894 | 15.526 | 14.898 | 12.090 | Information & Intelligence | 13.143 | 0.1 |
| 7.000 | 9.654 | 10.400 | 12.021 | Shared support services | 14.313 | 0.1 |
| 12.000 | 14.000 | 13.000 | 14.000 | Minimum family tax credit | 15.000 | 0.1 |
| 53.700 | 30.279 | 10.740 | 25.000 | NZ Customs capital expenditure | 15.000 | 0.1 |
| 7.467 | Mgmt of Anchor projects by Otakaro Ltd | 23.000 | 0.2 | |||
| 0.000 | 0.000 | 0.000 | 27.000 | National Provident Fund - scheme deficiency | 25.000 | 0.2 |
| 17.000 | 17.000 | 19.000 | 31.000 | Parental Tax Credit | 29.000 | 0.2 |
|
0.000
|
32.323
|
29.251 | 29.809 | Financial operations & operational advice | 30.950 | 0.3 |
| 33.318 | 43.098 | 45.060 | 32.233 | Policy advice & Policy advice - finance | 31.181 | 0.3 |
| 24.599 | 27.856 | 28.523 | 38.000 | Govt Super Fund Authority - crown share | 37.000 | 0.3 |
| 23.000 | Loan facility for Tamaki Redevelopment Company | 78.000 | 0.7 | |||
| 216.000 | 45.434 | 100.000 | Impairment of debt - student loans | 100.000 | 0.8 | |
| 112.697 | 149.450 | 140.572 | 113.221 | Services to process obligations and payments | 109.968 | 0.9 |
| 125.507 | 136.618 | 135.739 | 139.466 | Clearance & Enforcement services | 152.797 | 1.3 |
| 116.874 | 135.238 | 143.259 | 153.360 | Mgmt of debt & outstanding returns | 153.277 | 1.3 |
| 0.000 | 51.000 | 62.336 | 72.000 | IRD capital expenditure | 174.000 | 1.5 |
| 175.714 | 169.153 | 166.131 | 167.236 | Investigations | 175.745 | 1.5 |
| 300.000 | Transfer of anchor project assets to Otakaro Limited | 200.000 | 1.7 | |||
| 65.521 | Greater Christchurch anchor projects | 203.887 | 1.7 | |||
| 248.835 | 252.631 | 251.307 | 228.568 | Services to inform the public about entitlements and meeting obligations | 227.232 | 1.9 |
| 79.400 | Transformation | 237.000 | 2.0 | |||
| 142.362 | Refinancing of Housing NZ Corp & Housing NZ Ltd Debt | 275.778 | 2.3 | |||
|
167.000
|
96.311
|
176.000 | 233.000 | Paid parental leave payments | 277.000 | 2.3 |
| 227.000 | 240.000 | 267.000 | 283.000 | Child Support payments | 300.000 | 2.5 |
|
0.000
|
619.174
|
735.397 | 614.065 | Govt Super Fund unfunded liability | 528.149 | 4.4 |
| 541.000 | 523.000 | 494.000 | 522.000 | In-Work tax credit | 600.000 | 5.0 |
| 528.000 | 644.000 | 668.000 | 670.000 | Initial fair value write down - student loans | 689.000 | 5.8 |
|
738.000
|
822.000
|
827.000 | 689.000 | Kiwisaver - tax credit | 728.000 | 6.1 |
|
0.000
|
266.234
|
1,162.098 | 1,003.139 | Impairment of debt & write-offs | 1,093.307 | 9.1 |
| 1,631.161 | Tfr Housing NZ Tamaki Housing Stock to Tamaki Redevel. Co. | |||||
|
2,047.000
|
1,976.000
|
1,934.000 | 1,824.000 | Family Tax Credit | 1,797.000 | 15.0 |
|
3,614.299
|
3,554.913
|
3,622.323 | 3,424.513 | Debt servicing interest | 3,448.298 | 28.9 |
|
--------
|
--------
|
-------- | -------- | ---------------------------------- | -------- | |
|
$11,477.5
|
$11,727.1
|
$11,524.5 | $13,547.3 | Totals | $11,948.7 | 100 |
You can get back to the main page that summarises all government spending here >>
Source: http://www.budget.govt.nz/budget/2016/by/vote/index.htm
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