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 2023 Budget
9th Jun 23, 10:25am
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This table outlines the New Zealand Government's planned Finance spending for the 2023/24 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$.
| Actual 2018/19 | Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Estimate 2022/23 | Budget 2023/24 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Adverse Event Interest | 0.0 | 0.0% |
| 0.9 | 0.6 | 0.0 | 0.0 | 0.0 | Tax Working Group | 0.0 | 0.0% |
| 0.1 | 2.5 | 0.0 | 0.0 | 0.0 | Child Tax Credit | 0.0 | 0.0% |
| 6.5 | 6.8 | 0.0 | 0.0 | 0.0 | Payroll Subsidy | 0.0 | 0.0% |
| 7.9 | 9.0 | 0.0 | 0.0 | 0.0 | Parental Tax Credit | 0.0 | 0.0% |
| 125.0 | 157.0 | 130.0 | 0.0 | 0.0 | Earthquake Commission Natural Disaster Fund Deficiency – Grants | 0.0 | 0.0% |
| 203.4 | 166.8 | 128.6 | 96.9 | 0.0 | Transformation | 0.0 | 0.0% |
| 0.0 | 0.0 | 30.2 | 2,420.0 | 0.0 | International Financial Institutions | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 5.8 | Transfer of European Bank of Reconstruction and Development Shares | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 656.0 | Cost of Living payment | 0.0 | 0.0% |
| 0.8 | 79.1 | 3,157.3 | 5,706.4 | 1,394.4 | Payments and Expenses in Respect of Guarantees and Indemnities | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 2,400.0 | Subscription for Shares in Kiwi Group Capital Limited | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | Stewardship of Residual Crown Obligations | 0.5 | 0.0% |
| 7.7 | 42.9 | 47.9 | 155.4 | 278.5 | New Zealand Green Investment Finance Ltd – Equity Injections | 2.1 | 0.0% |
| 15.0 | 12.0 | 2.0 | 3.0 | 3.0 | National Provident Fund Schemes - Liability Under Crown Guarantee | 4.0 | 0.0% |
| 0.0 | 80.0 | 0.0 | 0.0 | 19.0 | COVID-19: Capital Injections | 5.0 | 0.0% |
| 5.0 | 5.0 | 5.0 | 5.9 | 5.9 | Inquiries and Research into Productivity-Related Matters | 5.9 | 0.0% |
| 11.7 | 8.9 | 8.2 | 8.1 | 9.9 | Management of New Zealand House, London | 7.6 | 0.0% |
| 14.9 | 12.5 | 8.1 | 5.9 | 8.6 | Other | 8.4 | 0.0% |
| 0.0 | 70.0 | 550.0 | 5,367.9 | 0.0 | COVID:19 Capital Injections & Payments | 10.0 | 0.1% |
| 9.3 | 8.5 | 9.6 | 11.9 | 14.5 | Shared Support Services | 11.2 | 0.1% |
| 14.0 | 18.4 | 13.2 | 13.1 | 12.0 | Minimum Family Tax Credit | 12.0 | 0.1% |
| 0.0 | 0.0 | 0.0 | 0.0 | 28.9 | Residual activities following the transformation programme’s closure | 14.6 | 0.1% |
| 107.9 | 103.8 | 65.0 | 35.6 | 52.7 | Inland Revenue Department | 42.9 | 0.2% |
| 20.9 | 19.1 | 8.9 | 48.6 | 70.0 | Dividend Reinvestment Plans by Mixed Ownership Model Companies | 70.0 | 0.4% |
| 0.0 | 2,113.5 | 440.7 | 767.6 | 206.0 | Small Business Cashflow Scheme COVID-19 Write-Downs | 88.0 | 0.5% |
| 19.2 | 9.2 | 1,062.9 | 2,516.6 | 469.9 | Infrastructure | 106.2 | 0.6% |
| 116.4 | 113.2 | 113.0 | 112.7 | 121.2 | Treasury | 132.5 | 0.8% |
| 0.0 | 0.0 | 23.4 | 57.1 | 55.9 | Venture Capital Fund | 163.5 | 0.9% |
| 250.9 | 655.5 | 453.1 | 299.4 | 216.2 | Greater Christchurch Anchor Projects | 272.4 | 1.5% |
| 47.6 | 184.1 | 271.1 | 307.6 | 324.0 | Best Start Tax Credit | 339.0 | 1.9% |
| 201.4 | 251.6 | 201.4 | 267.4 | 322.6 | Kāinga Ora – Housing New Zealand | 427.1 | 2.4% |
| 290.6 | 296.6 | 281.2 | 296.5 | 295.0 | Child Support Payments | 466.0 | 2.7% |
| 612.9 | 621.0 | 571.7 | 506.2 | 457.0 | In-Work Tax Credit | 477.0 | 2.7% |
| 40.0 | 213.0 | 313.0 | 473.0 | 361.5 | Research, Science and Innovation: R&D Tax Incentive | 535.3 | 3.0% |
| 462.2 | 581.3 | 517.5 | 640.4 | 569.9 | Government Superannuation Fund | 615.6 | 3.5% |
| 563.4 | 506.1 | 468.6 | 489.1 | 552.0 | Student Loans Write-Downs | 640.0 | 3.6% |
| 369.4 | 428.8 | 503.3 | 602.6 | 630.0 | Paid Parental Leave Payments | 677.0 | 3.9% |
| 610.1 | 640.8 | 581.2 | 573.4 | 690.0 | Services for Customers | 721.2 | 4.1% |
| 828.7 | 1,356.8 | 881.7 | 751.5 | 1,047.0 | Impairment of Debt and Debt Write-Offs | 931.0 | 5.3% |
| 866.4 | 859.1 | 916.0 | 964.0 | 1,039.0 | KiwiSaver | 1,094.0 | 6.2% |
| 1,000.6 | 1,460.5 | 2,120.5 | 2,420.5 | 2,558.7 | NZ Superannuation Fund | 1,602.7 | 9.1% |
| 2,130.7 | 2,189.0 | 2,102.7 | 2,016.6 | 2,165.0 | Family Tax Credit | 2,284.0 | 13.0% |
| 3,356.2 | 3,082.4 | 3,155.1 | 4,623.3 | 5,332.5 | Debt Servicing | 5,810.3 | 33.1% |
| 12,317 | 16,365 | 19,142 | 32,564 | 22,373 | Total Spending | 17,577 | 100% |
You can get back to the main page that summarises all government spending here>>
Sources: https://www.budget.govt.nz/budget/2022/data-library.htm#forecasts
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