Budget 2012- Financing, Transfers, Customs, IRD

Budget 2012- Financing, Transfers, Customs, IRD

This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2012/13 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 2008/09.

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 2008/09 Actual 2009/10 Actual 2011/10 Actual 2011/12 Financing, Transfers, Customs, IRD: Budget 2012/13 %
NZ$m  NZ$m  NZ$m NZ$m   NZ$m  
0.000 0.000 0.000 0.000 AgResearch equity injection 0.000 0.0
0.000 0.000 0.000 0.000 Atihau-Whanganui Incorporation ex-gratia payment 0.000 0.0
0.000 0.000 0.000 0.000 Contribution to Atihau-Whanganui Incorporation negotiation costs 0.000 0.0
1.425 0.437 0.000 0.000 Crown deposit guarantee scheme 0.000 0.0
0.849 0.141 0.000 0.000 Crown wholesale guarantee facility 0.000 0.0
0.000 7.400 0.000 0.000 Hawke's Bay Airport equity injection 0.000 0.0
4.500 0.000 0.000 0.000 Industrial Research Limited equity injection 0.000 0.0
0.000 1.800 0.000 0.000 Invercargill Airport suspensory loan 0.000 0.0
0.000 0.000 0.000 0.000 Kaingaroa Forest road easements 0.000 0.0
12.236 2.355 0.000 0.000 Maui Gas contracts 0.000 0.0
2,242.000 250.000 0.000 0.000 NZ Superannuation Fund 0.000 0.0
0.000 1,392.000 0.000 0.000 Payments in respect of guarantees and indemnities 0.000 0.0
15.268 0.000 0.000 0.000 Port Nicholson Block Settlement Trust loan 0.000 0.0
20.000 30.000 0.000 0.000 Public Trust capital injection 0.000 0.0
1,951.630 0.000 0.000 0.000 Rail transport projects 0.000 0.0
600.000 0.000 0.000 0.000 RBNZ equity injection 0.000 0.0
0.040 0.120 0.000 0.000 Regulatory Responsibility Taskforce 0.000 0.0
154.000 0.000 0.000 0.000 Research and development tax credit 0.000 0.0
0.000 4.000 0.000 0.000 Rugby New Zealand 2011 Limited 0.000 0.0
3.800 0.000 0.000 0.000 Timberlands 0.000 0.0
16.917 0.000 0.000 0.000 Wellington Regional Council 0.000 0.0
0.018 0.000 0.000 0.000 Write-off of capital charge receivable 0.000 0.0
0.000 0.171 0.148 0.000 2025 Productivity Taskforce 0.000 0.0
0.000 0.360 0.552 0.000 Mgmt of Crown lending and Crown bank accounts 0.000 0.0
2.971 1.374 0.653 0.000 Mgmt of liabilities, claims against the Crown 0.000 0.0
0.000 2.755 2.481 0.000 Economic and tax forecasting 0.000 0.0
887.732 3.048 3.111 0.000 Export Credit Office guarantees and indemnities 0.000 0.0
0.000 3.238 1,873.930 0.000 Crown guarantee schemes 0.000 0.0
0.000 0.000 4.380 6.500 Recovery from the Feb-11 Chc quake 0.000 0.0
26.208 10.000 19.047 2.000 Landcorp Protected Land Agreement 2.000 0.0
0.000 0.000 65.125 0.000 Asian Development Bank 0.000 0.0
0.000 0.000 146.100 0.000 Earthquake Commission 0.000 0.0
0.000 0.000 1,000.770 0.000 Supporting AMI 0.000 0.0
0.007 0.010 0.010 0.010 Adverse Event interest 0.010 0.0
      (194.404) Impairment of debt - student loans 110.000 0.9
0.088 0.351 0.211 0.216 Crown's obligations for geothermal wells 0.151 0.0
0.040 0.230 0.047 0.230 Crown residual liabilities 0.230 0.0
0.000 0.500 0.000 0.000 Geothermal wells fund 0.500 0.0
      0.050 Govt Superannuation appeals board 0.050 0.0
      0.051 Taitokerau Forests Grant 0.200 0.0
      0.052 World Customs Organisation 0.052 0.0
      0.121 Payments of Guarnatees and indemnities 0.000 0.0
      0.250 Impairment of loans - Taitokerau Forests 0.800 0.0
      0.250 Provision of fin.services NZ LGFA 0.465 0.0
0.013 0.500 0.500 0.500 Unclaimed money 0.500 0.0
      0.469 Promotion of productivity - related matters 0.503 0.0
0.384 0.504 10.320 0.348 Mgmt of the New Zealand Superannuation Fund 0.528 0.0
0.000 0.313 0.803 0.609 Administration of investment of public money 0.772 0.0
0.000 1.308 1.092 0.951 Administration of derivative transactions 1.126 0.0
0.866 2.798 4.582 1.820 Admin of guarantees and indemnities given by the Crown 1.069 0.0
37.000 6.500 1.720 0.250 Taitokerau Forests 0.800 0.0
1.289 2.000 2.000 2.000 Environmental Restoration Account interest 2.000 0.0
      2.000 Change in doubtful debt provision 2.000 0.0
0.919 1.500 2.000 2.000 Payroll subsidy 3.000 0.0
      2.500 National Provident Fund - scheme deficiency 0.000 0.0
5.984 4.100 2.800 2.000 Child Tax Credit 1.600 0.0
      3.000 Shared support services 8.000 0.1
1.712 0.891 1.397 3.393 Treasury capex 1.900 0.0
0.000 4.852 4.808 4.225 Infrastructure advice and co-ordination 0.000 0.0
      3.497 Extending mixed ownership model 0.000 0.0
      4.709 Monitoring advice to Ministers & others 5.374 0.0
0.000 0.000 2.340 4.222 Inquiries into productivity 4.525 0.0
0.000 5.701 5.231 4.374 Administration of Crown borrowing NZDMO 5.010 0.0
0.000 0.000 0.000   Extending the mixed ownership model    
      5.783 Revenue collection 5.526 0.0
4.049 7.000 7.000 7.000 Income equalisation interest 7.000 0.1
        Int'l services & ministerial servicing 5.505 0.0
0.000 6.905 5.410 0.000 Fiscal management and reporting 0.000 0.0
      7.000 Unwind discount rate on Crown Deed (AMI) 30.000 0.3
      7.872 Financial operations & operational advice 19.335 0.2
      8.037 Information & Intelligence 20.461 0.2
      8.825 Policy Advice & Int'l services    
      11.000 Minimum family tax credit 11.000 0.1
14.953 15.700 15.300 17.200 New Zealand House, London (incl mgmt & capex) 17.200 0.1
20.346 20.800 19.200 18.000 Parental Tax Credit 17.000 0.1
      24.760 Govt Super Fund Authority - crown share 24.599 0.2
      46.802 Mixed Ownership Model - implemtation & sales 41.000 0.3
111.726 62.000 58.716 29.000 National Provident Fund Schemes 37.000 0.3
40.538 33.503 49.304 63.058 Policy advice & Policy advice - finance 44.943 0.4
      117.627 Clearance & Enforcement services 129.699 1.1
      49.494 NZ Customs capital expenditure 36.580 0.3
      65.000 IRD capital expenditure 104.000 0.9
      108.112 Rugby World Cup crown share 0.000 0.0
      109.476 Mgmt of debt & outstanding returns 130.872 1.1
      112.000 Impairment of debt - child support 422.000 3.5
      115.511 Initial fair value write down - student loans 651.242 5.5
      120.664 Services to process obligations and payments 124.789 1.0
142.787 153.900 154.600 156.000 Paid parental leave payments 163.000 1.4
174.052 169.276 163.109 168.684 Taxpayer audits 172.341 1.4
129.588 145.196 158.498   Customs    
274.000 270.000 148.000 175.000 International financial institutions 220.000 1.8
      247.000 Impairment of debt 246.522 2.1
253.596 238.624 237.258 247.808 Services to inform the public about entitlements and meeting obligations 256.103 2.1
294.160 308.263 265.220   Inland Revenue Department    
      500.000 Crown Asset Mgmt - equity injection 0.000 0.0
584.461 604.000 592.000 568.000 In-Work tax credit 565.000 4.7
1,280.970 1,045.000 1,039.000 708.000 Kiwisaver 688.000 5.8
979.235 682.742 653.898 515.291 Government Superannuation Fund 673.284 5.6
204.740 215.000 493.000 220.000 Child Support payments 227.000 1.9
2,439.040 1,511.490 1,107.000 857.000 Bad Debt write-offs 894.000 7.5
2,062.100 2,200.100 2,214.000 2,111.000 Family Tax Credit 2,113.000 17.7
2,095.930 2,288.840 3,031.738 3,457.514 Debt servicing interest 3,689.533 30.9
--------  --------  --------    ----------------------------------     
17,094.2 11,719.6 13,568.4 10,841.7  Totals 11,940.7  

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

Sources:

Customs: www.treasury.govt.nz/budget/2012/estimates/est12cust.pdf

Finance: www.treasury.govt.nz/budget/2012/estimates/est12finan.pdf 

Revenue: www.treasury.govt.nz/budget/2012/estimates/est12reven.pdf

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.

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.