Public Policy
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Details of all the budget cost items that fall under the Treasury's 'Revenue' and 'Finance' categories in the 2024 Budget
11th Jun 24, 12:04pm
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This table outlines the New Zealand Government's planned Finance spending for the 2024/25 budget year.
Actual spending for the previous five years is on the left.
The numbers are drawn from 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$.
| Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Est 2023/24 | Budget 2024/25 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | Crown Residual Liabilities | 0.0 | 0.0% |
| 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | Social Housing Reform | 0.0 | 0.0% |
| 6.8 | 0.0 | 0.0 | 0.0 | 0.0 | Payroll Subsidy | 0.0 | 0.0% |
| 1.3 | 0.2 | 0.0 | 0.0 | 0.0 | Management of the Crown's Agreement with Taitokerau Forests Limited | 0.0 | 0.0% |
| 115.0 | 130.0 | 0.0 | 0.0 | 0.0 | Earthquake Commission Natural Disaster Fund Deficiency – Grants | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.9 | 0.0 | 0.0 | Software as a Service intangible asset derecognition (write-off) | 0.0 | 0.0% |
| 166.8 | 128.6 | 96.9 | 0.0 | 0.0 | Transformation | 0.0 | 0.0% |
| 0.0 | 350.0 | 500.0 | 0.0 | 0.0 | COVID-19: Loans to Air New Zealand | 0.0 | 0.0% |
| 0.0 | 0.0 | 801.6 | 0.0 | 0.0 | Subscription for Shares in Air New Zealand | 0.0 | 0.0% |
| 0.0 | 30.2 | 2,497.1 | 15.9 | 0.0 | International Financial Institutions | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 600.0 | 0.0 | Cost of Living payment | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 2,107.9 | 0.0 | Subscription for Shares in Kiwi Group Capital Limited | 0.0 | 0.0% |
| 0.0 | 200.0 | 4,019.3 | 0.0 | 0.2 | COVID-19 Payments | 0.0 | 0.0% |
| 685.5 | 142.9 | 230.1 | 53.9 | 2.0 | Initial Fair Value Write-Down (Small Business Cashflow Scheme COVID-19) | 0.0 | 0.0% |
| 5.0 | 5.0 | 5.9 | 5.9 | 4.0 | Inquiries and Research into Productivity-Related Matters | 0.0 | 0.0% |
| 1,428.0 | 297.7 | 537.5 | 100.1 | 5.0 | Small Business Cashflow Scheme COVID-19 | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 29.2 | 16.9 | Residual activities following the transformation programme’s substantive closure | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 17.0 | North Island Severe Weather Events- Financing Support | 0.0 | 0.0% |
| 150.0 | 0.0 | 47.0 | 13.0 | 20.0 | COVID-19: Capital Injections | 0.0 | 0.0% |
| 42.9 | 47.9 | 155.4 | 178.5 | 102.1 | New Zealand Green Investment Finance Ltd – Equity Injections | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 1,800.0 | Capital Contribution to the Reserve Bank of New Zealand | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.6 | Productivity Commission - Disestablishment and Ongoing Liabilities | 0.3 | 0.0% |
| 0.0 | 0.0 | 0.1 | 0.2 | 0.5 | Stewardship of Residual Crown Obligations | 0.5 | 0.0% |
| 8.9 | 8.2 | 8.1 | 6.8 | 45.4 | Management of New Zealand House, London | 1.8 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 295.0 | KiwiRail - Project iReX Wind down Costs | 5.0 | 0.0% |
| 21.5 | 8.1 | 5.3 | 6.6 | 8.4 | Other | 7.1 | 0.0% |
| 8.5 | 9.6 | 11.9 | 13.3 | 13.7 | Shared Support Services | 11.3 | 0.1% |
| 18.4 | 13.2 | 13.1 | 12.3 | 12.0 | Minimum Family Tax Credit | 12.0 | 0.1% |
| 12.0 | 2.0 | 3.0 | 36.6 | 49.9 | National Provident Fund | 31.2 | 0.2% |
| 0.0 | 23.4 | 57.1 | 41.2 | 55.3 | Venture Capital Fund | 43.0 | 0.2% |
| 103.8 | 65.0 | 35.6 | 40.2 | 65.0 | Inland Revenue Department - Capital Expenditure | 60.0 | 0.3% |
| 19.1 | 8.9 | 48.6 | 36.1 | 103.9 | Participation in Dividend Reinvestment Plans | 70.0 | 0.4% |
| 9.2 | 1,196.1 | 19.5 | 81.0 | 477.7 | Infrastructure | 114.0 | 0.6% |
| 111.9 | 113.0 | 111.8 | 116.2 | 129.4 | The Treasury - Capital Expenditure | 120.7 | 0.6% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FamilyBoost Tax Credit | 174.0 | 0.9% |
| 250.2 | 201.4 | 267.4 | 319.2 | 425.2 | Housing New Zealand - Kāinga Ora | 200.5 | 1.0% |
| 697.5 | 315.9 | 299.3 | 275.5 | 261.9 | Greater Christchurch Anchor Projects | 259.1 | 1.3% |
| 79.1 | 3,161.1 | 5,706.8 | 3,147.5 | 1,557.7 | Payments and Expenses in Respect of Guarantees and Indemnities | 298.8 | 1.5% |
| 184.1 | 271.1 | 307.6 | 321.3 | 340.0 | Best Start Tax Credit | 339.0 | 1.7% |
| 297.2 | 281.2 | 296.5 | 294.0 | 432.0 | Child Support Payments | 453.0 | 2.3% |
| 213.0 | 313.0 | 473.0 | 63.9 | 461.3 | Science, Innovation and Technology: R&D Tax Incentive | 556.2 | 2.9% |
| 621.0 | 571.7 | 506.2 | 464.0 | 449.0 | In-Work Tax Credit | 582.0 | 3.0% |
| 506.1 | 468.6 | 489.1 | 550.7 | 539.0 | Initial Fair Value Write-Down Relating to Student Loans | 633.0 | 3.3% |
| 424.6 | 503.3 | 602.6 | 608.0 | 650.0 | Paid Parental Leave Payments | 685.0 | 3.5% |
| 640.8 | 581.2 | 573.4 | 660.5 | 717.4 | Services for Customers | 754.5 | 3.9% |
| 581.3 | 517.5 | 640.4 | 549.7 | 835.6 | Government Superannuation Fund | 774.5 | 4.0% |
| 1,460.5 | 2,120.5 | 2,420.5 | 2,558.5 | 1,614.7 | NZ Superannuation Fund | 879.7 | 4.5% |
| 865.7 | 923.2 | 964.0 | 996.6 | 1,061.0 | KiwiSaver | 1,103.5 | 5.7% |
| 1,356.8 | 881.7 | 751.5 | 1,474.1 | 1,910.0 | Impairment of Debt and Debt Write-Offs | 1,676.0 | 8.6% |
| 2,189.0 | 2,102.7 | 2,016.6 | 2,151.2 | 2,281.0 | Family Tax Credit | 2,316.0 | 11.9% |
| 3,082.4 | 3,155.1 | 4,022.1 | 5,401.4 | 6,426.5 | Debt Servicing | 7,302.9 | 37.5% |
| 16,365 | 19,149 | 29,543 | 23,331 | 23,186 | Total Spending | 19,465 | 100% |
You can get back to the main page that summarises all government spending here >>
Sources: You can download the data behind these tables from the NZ Government website here.
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