Budget 2014 - Financing, Transfers, Customs, IRD

Budget 2014 - Financing, Transfers, Customs, IRD

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%
-------- 
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--------
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----------------------------------  --------  
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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