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Budget 2012- Summary of all spending plans
This table outlines the New Zealand Government's planned spending for the 2012/13 budget year.
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 drawn together from data released by the Minister of Finance on May 24, 2012.
Links to the primary sources used, from Treasury's website, can be found at the bottom of the page.
Click on any heading to drill down to what makes up these numbers.
Figures for each allocation are in millions of NZ$.
|618.0||Cant. Earthquake Auth||90.7||0.1%|
|467.9||459.3||489.5||380.4||Arts & Culture||378.5||0.5%|
|110.3||334.6||412.8||457.7||Treaty of Waitangi|
|686.4||737.6||789.1||776.5||Science & Research||833.4||1.0%|
|2,585.6||2,858.6||3,007.3||2,882.2||Law & Order||3,073.8||3.8%|
|17,094.2||11,719.6||13,568.4||10,841.7||Customs, Finance & Tfr's||11,940.7||14.6%|
|$184,132||$188,546||$197,699||$204,551||GDP (nominal, per RBNZ)||$213,750||E|
|40.9%||40.3%||39.9%||38.9%||Govt spending - % of GDP||38.2%||E|
|and this compares with taxes collected as follows:|
|$59,684.3||$55,899.4||$58,189.5||$62,100.6||Total tax collected||$65,383.9|
|(click on this link for details)|
|Not all the difference between tax collected and expenditure needs to be borrowed. The Crown has other sources of revenue than tax. The biggest single reason is that significant portions of National Super payments are pre-funded in the Super Fund.|
Sources: You can download the data behind these tables from the Treasury website here >>