Budget 2014 - Financing, Transfers, Customs, IRD
21st May 14, 2:50pm
by
This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2014/15 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$.
|
Actual 2011/10
|
Actual 2011/12
|
Actual 2012/13
|
Interim 2013/14
|
Financing, Transfers, Customs, IRD: |
Budget 2014/15
|
%
|
|
NZ$m
|
NZ$m
|
NZ$m
|
|
NZ$m
|
|
|
|
0.148
|
0.000
|
0.000
|
0.000
|
2025 Productivity Taskforce | 0.000 | 0.0% |
|
5.231
|
4.374
|
5.138
|
5.371
|
Administration of Crown borrowing NZDMO | 0.000 | 0.0% |
|
0.803
|
0.609
|
0.772
|
0.702
|
Administration of investment of public money | 0.000 | 0.0% |
|
65.125
|
0.000
|
0.000
|
0.000
|
Asian Development Bank | 0.000 | 0.0% |
|
1,107.000
|
857.000
|
925.000
|
931.000
|
Bad Debt write-offs | 0.000 | 0.0% |
|
0.000
|
500.000
|
58.809
|
10.000
|
Crown Asset Mgmt - equity injection | 0.000 | 0.0% |
|
1,873.930
|
0.000
|
0.000
|
0.000
|
Crown guarantee schemes | 0.000 | 0.0% |
|
0.211
|
0.216
|
0.000
|
0.000
|
Crown's obligations for geothermal wells | 0.000 | 0.0% |
|
158.498
|
0.000
|
0.000
|
0.000
|
Customs | 0.000 | 0.0% |
|
146.100
|
0.000
|
0.000
|
0.000
|
Earthquake Commission | 0.000 | 0.0% |
|
2.481
|
0.000
|
0.000
|
0.000
|
Economic and tax forecasting | 0.000 | 0.0% |
|
3.111
|
0.000
|
0.000
|
0.527
|
Export Credit Office guarantees and indemnities | 0.000 | 0.0% |
|
0.000
|
0.350
|
0.000
|
0.000
|
Extending the mixed ownership model | 0.000 | 0.0% |
|
5.410
|
0.000
|
0.000
|
0.000
|
Fiscal management and reporting | 0.000 | 0.0% |
|
653.898
|
515.291
|
639.505
|
0.000
|
Government Superannuation Fund | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
4.100
|
Impairment of Learning Media Funding Facility | 0.000 | 0.0% |
|
4.808
|
4.225
|
0.000
|
0.000
|
Infrastructure advice and co-ordination | 0.000 | 0.0% |
|
265.220
|
0.000
|
0.000
|
0.000
|
Inland Revenue Department | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
4.100
|
Learning Media Funding Facility | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
22.000
|
Loyalty bonus scheme - relating to IPO's | 0.000 | 0.0% |
|
0.552
|
0.000
|
0.000
|
0.000
|
Mgmt of Crown lending and Crown bank accounts | 0.000 | 0.0% |
|
0.653
|
0.000
|
0.000
|
0.000
|
Mgmt of liabilities, claims against the Crown | 0.000 | 0.0% |
|
0.000
|
46.802
|
0.000
|
49.134
|
Mixed Ownership Model - implemtation & sales | 0.000 | 0.0% |
|
0.000
|
2.500
|
0.000
|
0.000
|
National Provident Fund - scheme deficiency | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
30.000
|
New Zealand Aluminium Smelters - Electricity Agreement Incentive Payment | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
0.083
|
Payments in respect of guarantees and indemnities | 0.000 | 0.0% |
|
0.000
|
0.121
|
0.004
|
0.000
|
Payments of Guarnatees and indemnities | 0.000 | 0.0% |
|
0.000
|
8.825
|
0.000
|
0.000
|
Policy Advice & Int'l services | 0.000 | 0.0% |
|
0.000
|
0.469
|
0.000
|
0.000
|
Promotion of productivity - related matters | 0.000 | 0.0% |
|
4.380
|
6.500
|
0.000
|
0.000
|
Recovery from the Feb-11 Chc quake | 0.000 | 0.0% |
|
0.000
|
108.112
|
0.000
|
0.000
|
Rugby World Cup crown share | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
130.000
|
Solid Energy NZ Ltd - Loan facilities | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
25.000
|
Solid Energy NZ Ltd - redeemable preference share impairment | 0.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
25.000
|
Solid Energy NZ Ltd - redeemable preference shares | 0.000 | 0.0% |
|
1,000.770
|
0.000
|
0.000
|
0.000
|
Supporting AMI | 0.000 | 0.0% |
|
0.010
|
0.010
|
0.010
|
0.020
|
Adverse Event interest | 0.010 | 0.0% |
|
0.000
|
0.050
|
0.050
|
0.050
|
Govt Superannuation appeals board | 0.050 | 0.0% |
|
0.000
|
0.052
|
0.045
|
0.048
|
World Customs Organisation | 0.052 | 0.0% |
|
4.582
|
1.820
|
1.551
|
0.418
|
Admin of guarantees and indemnities given by Crown | 0.110 | 0.0% |
|
0.000
|
0.000
|
0.000
|
0.145
|
Mgmt of Crown obligation for geothermal wells | 0.151 | 0.0% |
|
0.000
|
0.250
|
0.165
|
0.165
|
Provision of fin.services NZ LGFA | 0.165 | 0.0% |
|
0.000
|
0.250
|
0.800
|
0.000
|
Impairment of loans - Taitokerau Forests | 0.200 | 0.0% |
|
0.000
|
0.051
|
0.200
|
0.244
|
Taitokerau Forests Grant | 0.200 | 0.0% |
|
0.047
|
0.230
|
0.230
|
0.055
|
Crown residual liabilities | 0.230 | 0.0% |
|
0.000
|
0.000
|
0.500
|
0.000
|
Geothermal wells fund | 0.500 | 0.0% |
|
0.500
|
0.500
|
0.500
|
0.200
|
Unclaimed money | 0.500 | 0.0% |
|
10.320
|
0.348
|
0.528
|
0.408
|
Mgmt of the New Zealand Superannuation Fund | 0.528 | 0.0% |
|
2.800
|
2.000
|
1.700
|
1.800
|
Child Tax Credit | 1.300 | 0.0% |
|
1.720
|
0.250
|
0.700
|
1.700
|
Taitokerau Forests | 1.300 | 0.0% |
|
0.000
|
2.000
|
2.000
|
2.000
|
Change in doubtful debt provision | 2.000 | 0.0% |
|
2.000
|
2.000
|
2.000
|
2.000
|
Environmental Restoration Account interest | 2.000 | 0.0% |
|
0.000
|
0.000
|
0.000
|
0.650
|
Services to other agencies | 3.060 | 0.0% |
|
19.047
|
2.000
|
23.072
|
6.266
|
Landcorp Protected Land Agreement & capital | 4.000 | 0.0% |
|
2.000
|
2.000
|
2.600
|
3.300
|
Payroll subsidy | 4.000 | 0.0% |
|
0.000
|
0.000
|
4.883
|
4.717
|
Int'l services & ministerial servicing | 4.112 | 0.0% |
|
1.397
|
3.393
|
4.654
|
6.121
|
Treasury capex | 4.833 | 0.0% |
|
0.000
|
4.709
|
3.572
|
5.959
|
Monitoring advice to Ministers & others | 4.992 | 0.0% |
|
2.340
|
4.222
|
5.028
|
5.030
|
Inquiries into productivity | 5.030 | 0.0% |
|
0.000
|
5.783
|
5.832
|
6.601
|
Revenue collection | 6.493 | 0.1% |
|
7.000
|
7.000
|
7.000
|
8.000
|
Income equalisation interest | 7.000 | 0.1% |
|
1.092
|
0.951
|
1.126
|
0.973
|
Administration of derivative transactions | 8.917 | 0.1% |
|
0.000
|
3.000
|
7.000
|
9.654
|
Shared support services | 10.400 | 0.1% |
|
0.000
|
49.494
|
53.700
|
30.279
|
NZ Customs capital expenditure | 10.740 | 0.1% |
|
0.000
|
11.000
|
12.000
|
14.000
|
Minimum family tax credit | 13.000 | 0.1% |
|
0.000
|
7.000
|
13.678
|
15.295
|
Unwind discount rate on Crown Deed (AMI) | 13.497 | 0.1% |
|
15.300
|
17.200
|
14.000
|
13.050
|
New Zealand House, London (incl mgmt & capex) | 14.750 | 0.1% |
|
0.000
|
8.037
|
14.894
|
15.526
|
Information & Intelligence | 14.898 | 0.1% |
|
19.200
|
18.000
|
17.000
|
17.000
|
Parental Tax Credit | 19.000 | 0.2% |
|
58.716
|
29.000
|
24.000
|
26.000
|
National Provident Fund Schemes | 25.000 | 0.2% |
|
0.000
|
24.760
|
24.599
|
27.856
|
Govt Super Fund Authority - crown share | 28.523 | 0.2% |
|
0.000
|
7.872
|
0.000
|
32.323
|
Financial operations & operational advice | 29.251 | 0.3% |
|
148.000
|
175.000
|
47.433
|
212.000
|
International financial institutions | 30.500 | 0.3% |
|
49.304
|
63.058
|
33.318
|
43.098
|
Policy advice & Policy advice - finance | 45.060 | 0.4% |
|
0.000
|
65.000
|
0.000
|
51.000
|
IRD capital expenditure | 62.336 | 0.5% |
|
0.000
|
-194.404
|
216.000
|
45.434
|
Impairment of debt - student loans | 100.000 | 0.9% |
|
0.000
|
117.627
|
125.507
|
136.618
|
Clearance & Enforcement services | 135.739 | 1.2% |
|
0.000
|
120.664
|
112.697
|
149.450
|
Services to process obligations and payments | 140.572 | 1.2% |
|
0.000
|
109.476
|
116.874
|
135.238
|
Mgmt of debt & outstanding returns | 143.259 | 1.2% |
|
163.109
|
168.684
|
175.714
|
169.153
|
Taxpayer audits | 166.131 | 1.4% |
|
154.600
|
156.000
|
167.000
|
96.311
|
Paid parental leave payments | 176.000 | 1.5% |
|
237.258
|
247.808
|
248.835
|
252.631
|
Services to inform the public about entitlements and meeting obligations | 251.307 | 2.2% |
|
493.000
|
220.000
|
227.000
|
240.000
|
Child Support payments | 267.000 | 2.3% |
|
0.000
|
112.000
|
318.000
|
296.000
|
Impairment of debt - child support | 323.000 | 2.8% |
|
592.000
|
568.000
|
541.000
|
523.000
|
In-Work tax credit | 494.000 | 4.3% |
|
0.000
|
115.511
|
528.000
|
644.000
|
Initial fair value write down - student loans | 668.000 | 5.8% |
|
0.000
|
0.000
|
0.000
|
619.174
|
Govt Super Fund unfunded liability | 735.397 | 6.4% |
|
1,039.000
|
708.000
|
738.000
|
822.000
|
Kiwisaver | 827.000 | 7.2% |
|
0.000
|
247.000
|
0.000
|
266.234
|
Impairment of debt & write-offs | 1,162.098 | 10.1% |
|
2,214.000
|
2,111.000
|
2,047.000
|
1,976.000
|
Family Tax Credit | 1,934.000 | 16.8% |
|
3,031.738
|
3,457.514
|
3,614.299
|
3,554.913
|
Debt servicing interest | 3,622.323 | 31.4% |
|
--------
|
--------
|
--------
|
--------
|
---------------------------------- | -------- | |
|
13,568.4
|
10,841.7
|
11,477.5
|
11,727.1
|
Totals | 11,524.6 | 100% |
You can get back to the main page that summarises all government spending here >>
Source: http://www.budget.govt.nz/budget/2014/by/vote/index.htm
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