Public Policy
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Budget 2023/24's spending allocations for Housing
31st May 23, 10:13am
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This table outlines the New Zealand Government's planned Housing spending for the 2023/24 budget year.
Actual spending for the previous five years is on the left.
The numbers are drawn from Vote Housing and Urban Development.
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$.
| Actual 2018/19 | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Estimate 2022/23 | Budget 2023/24 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.0 | 1.2 | 8.6 | 0.0 | 0.0 | COVID-19 Housing Providers Operational Cost | 0.0 | 0.0% |
| 113.0 | 228.8 | 244.0 | 156.1 | 0.0 | KiwiBuild Unit | 0.0 | 0.0% |
| 16.9 | 29.2 | 0.0 | 0.0 | 0.0 | Policy Advice and Related Outputs | 0.0 | 0.0% |
| 2.8 | 1.0 | 0.4 | 0.2 | 0.0 | Social Housing Provider Development | 0.0 | 0.0% |
| 61.9 | 27.5 | 0.0 | 0.0 | 0.0 | KiwiSaver HomeStart Grant | 0.0 | 0.0% |
| 2.4 | 2.5 | 0.0 | 0.0 | 0.0 | Facilitating the Redevelopment of Surplus Crown Land | 0.0 | 0.0% |
| 33.5 | 0.0 | 0.0 | 0.0 | 0.0 | Impairment of Land held by the Crown for sale | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 13.0 | 0.0 | Sale of Land and Dwellings - Costs | 0.0 | 0.0% |
| 0.6 | 0.4 | 0.4 | 0.2 | 0.3 | Housing Assistance | 0.8 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 6.9 | Operating programes | 4.7 | 0.0% |
| 0.0 | 0.0 | 0.3 | 0.1 | 0.5 | Support Services to increase home ownership | 6.0 | 0.1% |
| 0.0 | 0.0 | 1.3 | 1.9 | 4.8 | Local Innovations and Partnerships | 9.1 | 0.1% |
| 0.0 | 0.0 | 0.0 | 0.0 | 32.3 | Amortisation of Upfront Payments | 20.8 | 0.2% |
| 20.4 | 23.6 | 23.1 | 23.3 | 23.8 | Community Group Housing | 23.8 | 0.2% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Affordable Housing Fund | 26.4 | 0.2% |
| 0.0 | 0.0 | 0.0 | 28.4 | 32.5 | Contracted emergency housingand services | 32.2 | 0.3% |
| 0.9 | 2.2 | 3.1 | 0.8 | 1.2 | Capital Expenditure | 39.9 | 0.4% |
| 0.0 | 1.2 | 47.9 | 44.2 | 72.1 | He Kūkū ki te Kāinga – Increasing Māori Housing Supply | 60.4 | 0.5% |
| 12.5 | 19.4 | 62.2 | 74.5 | 81.6 | Porfolio Management | 73.2 | 0.7% |
| 0.0 | 0.0 | 45.8 | 34.8 | 56.4 | Infrastructure Investment | 139.9 | 1.3% |
| 0.0 | 50.6 | 80.7 | 39.2 | 61.1 | First Home Grants | 145.2 | 1.3% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Tāmaki Regeneration Company Limited - Equity Injection | 147.0 | 1.3% |
| 0.0 | 0.0 | 0.0 | 34.0 | 134.6 | Land for Housing Programme | 190.9 | 1.7% |
| 10.6 | 0.0 | 154.2 | 44.1 | 193.2 | Housing Infrastructure Fund Loans | 215.3 | 1.9% |
| 0.0 | 0.0 | 26.7 | 18.1 | 87.1 | Progressive Home Ownership Fund | 297.8 | 2.7% |
| 0.0 | 0.0 | 0.0 | 0.0 | 114.5 | Upfront Payments | 326.9 | 2.9% |
| 101.0 | 166.4 | 253.3 | 324.2 | 432.0 | Transitional Housing | 410.4 | 3.7% |
| 0.0 | 0.0 | 0.0 | 0.0 | 129.8 | Housing Programme Fair Value Impairment Loss | 639.3 | 5.8% |
| 0.0 | 0.0 | 0.0 | 21.6 | 501.1 | Housing Acceleration Fund | 1,351.7 | 12.2% |
| 753.7 | 1,108.8 | 1,280.1 | 1,405.5 | 1,477.3 | Public Housing | 1,761.2 | 15.9% |
| 6.4 | 21.0 | 26.7 | 152.7 | 3,293.2 | Kāinga Ora | 5,339.8 | 48.1% |
| 1,136 | 1,684 | 2,259 | 2,417 | 6,736 | Total Spending | 11,262 | 101% |
| Less: Recoveries | |||||||
| 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | Penalties | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 1.8 | 0.0 | Profit share arising from development agreements | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 1.6 | 0.0 | Interest Unwind | 0.0 | 0.0% |
| 12.6 | 24.3 | 10.6 | 18.9 | 0.0 | Acquisition and development of properties under Housing Act 1955 | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 2.5 | 2.9 | Rent | 0.2 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Other Revenue - Crown Entities | 15.0 | 0.1% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Sale of Developments Underwritten | 45.2 | 0.4% |
| 2.0 | 57.3 | 94.5 | 18.9 | 28.9 | KiwiBuild Housing Sales | 92.0 | 0.8% |
| 15 | 82 | 105 | 44 | 32 | Total Housing | 152 | 1% |
| 1,122 | 1,602 | 2,154 | 2,373 | 6,704 | Net Housing | 11,110 | 100% |
You can get back to the main page that summarises all government spending here>>
Sources: https://www.budget.govt.nz/budget/2023/data-library.htm#forecasts
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