HOT TOPICS:   2015 series  |  Double shots  | Top 10 at 10                                                  RESOURCES:    Economic calendar   |   Rent or buy

The comment stream

Reader poll

Which country's economy is likely to improve the most in 2015?

Choices

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Budget 2012- Summary of all spending plans

Posted in News

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$.

Actual
 2008/09
Actual
2009/10 
Actual
2010/11 
Actual
2011/12
  Budget
2012/13
%
NZ$m NZ$m NZ$m NZ$m   NZ$m  
      618.0  Cant. Earthquake Auth 90.7 0.1%
 102.9  113.8  123.7 120.8  Industrial relations    
192.6 208.4  215.9 208.1  Immigration    
243.9 479.4 1,577.2 945.2  Energy    
211.0 194.1 219.2 218.2  Special Interests 222.9 0.3%
26.0 49.4 272.0 179.7  Communications    
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    
         Primary Industry 749.5 0.9%
686.4 737.6 789.1 776.5  Science & Research 833.4 1.0%
         Economic Development 1,011.5 1.2%
908.7 1,075.3 1,618.2 1,019.9  Housing 1,023.3 1.3%
900.4 962.0 997.0 1,013.7  Foreign Policy 1,056.1 1.3%
879.4 1,000.2 1,157.4 1.275.5  Government 1,075.9 1.3%
864.5 814.6 897.0 887.7  Environment 1,341.3 1.6%
         Labour 1,494.7 1.8%
1,582.6 964.5 1,072.5 1,019.7  Industry    
1,130.9 1,194.9 1,197.1 1,190.0  Justice 1,702.8 2.1%
2,585.6 2,858.6 3,007.3 2,882.2  Law & Order 3,073.8 3.8%
2,858.3 3,299.9 3,078.5 3,039.0  Defence 3,293.8 4.0%
3,855.5 3,490.5 3,479.1 3,911.4  Transport 3,986.4 4.9%
17,094.2 11,719.6 13,568.4 10,841.7  Customs, Finance & Tfr's 11,940.7 14.6%
11,126.2 11,770.4 12,078.8 12,028.1  Education 12,453.9 15.3%
11,906.3 12,722.2 13,329.3 13,613.0  Health 14,124.7 17.3%
19,452.6 21,718.3 22,807.0 22,872.6  Social Welfare 21,811.0 26.7%
=====  =====  =====     =================  =====  --- 
$75,390.4 $76,053.8 $78,944.4 $79,499.1  Total Expenditure $81,664.8 100.0
$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%
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 >>

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.