Budget 2011 - Financing, Transfers, Customs, IRD

Budget 2011 - Financing, Transfers, Customs, IRD

This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2011/12 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 and includes, for the sake of comparison, the previous Labour Government's final spending in 2008.

The numbers are taken from the Vote Customs, Vote Revenue, and Vote Finance.

Links to the primary sources 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 2007/08 Actual 2008/09 Actual 2009/10 Forecast 2011/10 Financing, Transfers, Customs, IRD: Budget 2011/12 %
NZ$m  NZ$m  NZ$m  NZ$m   NZ$m   
0.195 0.000 0.000 0.000 AgResearch equity injection 0.000 0.0%
23.000 0.000 0.000 0.000 Atihau-Whanganui Incorporation ex-gratia payment 0.000 0.0%
0.500 0.000 0.000 0.000 Contribution to Atihau-Whanganui Incorporation negotiation costs 0.000 0.0%
0.000 1.425 0.437 0.000 Crown deposit guarantee scheme 0.000 0.0%
0.000 0.849 0.141 0.000 Crown wholesale guarantee facility 0.000 0.0%
0.000 0.000 7.400 0.000 Hawke's Bay Airport equity injection 0.000 0.0%
8.000 4.500 0.000 0.000 Industrial Research Limited equity injection 0.000 0.0%
0.000 0.000 1.800 0.000 Invercargill Airport suspensory loan 0.000 0.0%
0.178 0.000 0.000 0.000 Kaingaroa Forest road easements 0.000 0.0%
41.496 12.236 2.355 0.000 Maui Gas contracts 0.000 0.0%
2,103.000 2,242.000 250.000 0.000 NZ Superannuation Fund 0.000 0.0%
0.000 0.000 1,392.000 0.000 Payments in respect of guarantees and indemnities 0.000 0.0%
0.000 15.268 0.000 0.000 Port Nicholson Block Settlement Trust loan 0.000 0.0%
0.000 20.000 30.000 0.000 Public Trust capital injection 0.000 0.0%
246.818 1,951.630 0.000 0.000 Rail transport projects 0.000 0.0%
0.000 600.000 0.000 0.000 RBNZ equity injection 0.000 0.0%
0.000 0.040 0.120 0.000 Regulatory Responsibility Taskforce 0.000 0.0%
37.000 154.000 0.000 0.000 Research and development tax credit 0.000 0.0%
0.000 0.000 4.000 0.000 Rugby New Zealand 2011 Limited 0.000 0.0%
2.000 3.800 0.000 0.000 Timberlands 0.000 0.0%
17.181 16.917 0.000 0.000 Wellington Regional Council 0.000 0.0%
3.180 0.018 0.000 0.000 Write-off of capital charge receivable 0.000 0.0%
0.000 0.000 0.171 0.148 2025 Productivity Taskforce 0.000 0.0%
0.000 0.000 0.360 0.552 Mgmt of Crown lending and Crown bank accounts 0.000 0.0%
2.901 2.971 1.374 0.653 Mgmt of liabilities, claims against the Crown 0.000 0.0%
0.000 0.000 2.755 2.481 Economic and tax forecasting 0.000 0.0%
1.209 887.732 3.048 3.111 Export Credit Office guarantees and indemnities 0.000 0.0%
0.000 0.000 3.238 1,873.930 Crown guarantee schemes 0.000 0.0%
0.000 0.000 0.000 4.380 Recovery from the Feb-11 Chc quake 0.000 0.0%
64.200 26.208 10.000 19.047 Landcorp Protected Land Agreement 0.000 0.0%
0.000 0.000 0.000 65.125 Asian Development Bank 0.000 0.0%
0.000 0.000 0.000 146.100 Earthquake Commission 0.000 0.0%
0.000 0.000 0.000 1,000.770 Supporting AMI 0.000 0.0%
0.007 0.007 0.010 0.010 Adverse Event interest 0.010 0.0%
0.081 0.088 0.351 0.211 Crown's obligations for geothermal wells 0.151 0.0%
0.031 0.040 0.230 0.047 Crown residual liabilities 0.230 0.0%
0.000 0.000 0.500 0.000 Geothermal wells fund 0.500 0.0%
0.022 0.013 0.500 0.500 Unclaimed money 0.500 0.0%
1.611 0.384 0.504 10.320 Mgmt of the New Zealand Superannuation Fund 0.528 0.0%
0.000 0.000 0.313 0.803 Administration of investment of public money 0.820 0.0%
0.000 0.000 1.308 1.092 Administration of derivative transactions 1.008 0.0%
0.000 0.866 2.798 4.582 Admin of guarantees and indemnities given by the Crown 1.820 0.0%
0.000 37.000 6.500 1.720 Taitokerau Forests 1.900 0.0%
0.745 1.289 2.000 2.000 Environmental Restoration Account interest 2.000 0.0%
0.962 0.919 1.500 2.000 Payroll subsidy 2.000 0.0%
11.242 5.984 4.100 2.800 Child Tax Credit 2.200 0.0%
1.075 1.712 0.891 1.397 Treasury capex 2.218 0.0%
0.000 0.000 4.852 4.808 Infrastructure advice and co-ordination 4.580 0.0%
0.000 0.000 0.000 2.340 Inquiries into productivity 4.691 0.0%
0.000 0.000 5.701 5.231 Administration of Crown borrowing NZDMO 5.276 0.0%
0.000 0.000 0.000 0.000 Extending the mixed ownership model 5.900 0.1%
0.401 4.049 7.000 7.000 Income equalisation interest 7.000 0.1%
0.000 0.000 6.905 5.410 Fiscal management and reporting 9.572 0.1%
12.144 14.953 15.700 15.300 New Zealand House, London 17.200 0.2%
22.716 20.346 20.800 19.200 Parental Tax Credit 17.600 0.2%
74.000 111.726 62.000 58.716 National Provident Fund Schemes 59.000 0.5%
41.081 40.538 33.503 49.304 Policy advice 65.520 0.6%
134.767 142.787 153.900 154.600 Paid parental leave payments 164.100 1.5%
152.183 174.052 169.276 163.109 Taxpayer audits 179.785 1.6%
123.995 129.588 145.196 158.498 Customs 209.811 1.9%
0.691 274.000 270.000 148.000 International financial institutions 220.000 2.0%
240.419 253.596 238.624 237.258 Services to inform the public about entitlements and meeting obligations 249.944 2.2%
329.824 294.160 308.263 265.220 Inland Revenue Department 312.956 2.8%
562.875 584.461 604.000 592.000 In-Work tax credit 567.000 5.0%
1,100.730 1,280.970 1,045.000 1,039.000 KiwiSaver 656.000 5.8%
1,063.840 979.235 682.742 653.898 Government Superannuation Fund 660.965 5.9%
192.945 204.740 215.000 493.000 Child Support payments 672.000 6.0%
956.065 2,439.040 1,511.490 1,107.000 Bad Debt write-offs 1,342.222 11.9%
1,896.950 2,062.100 2,200.100 2,214.000 Family Tax Credit 2,178.200 19.3%
2,057.750 2,095.930 2,288.840 3,031.738 Debt servicing interest 3,651.689 32.4%
--------  --------  --------  --------  ----------------------------------  --------   
11,530.00 17,094.20 11,719.60 13,568.40  Totals $11,276.90 100.0%

You can get back to the main page that summarises all government spending here >>

Sources:

Customs: http://treasury.govt.nz/budget/2011/estimates/est11cust.pdf

Finance: http://treasury.govt.nz/budget/2011/estimates/est11finan.pdf

Revenue: http://treasury.govt.nz/budget/2011/estimates/est11reven.pdf

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