Budget 2015 - Summary of all spending plans

Budget 2015 - Summary of all spending plans

This table outlines the New Zealand Government's planned spending for the 2015/16 budget year.

Actual spending for the previous four years is on the left.

The numbers are drawn together from data released by the Minister of Finance on May 21, 2015.

Links to the primary sources used, from Treasury's website, can be found at the bottom of the page.

Click on any heading to drill down to what makes up these numbers. Figures for each allocation are in millions of NZ$.

Actual
2011/12
Actual
2012/13
Actual
2013/14
Actual 2014/15  

Budget
2015/16

%
NZ$m NZ$m NZ$m NZ$m   NZ$m  
120.8       Industrial relations    
  158.5     Veterans Affairs - Defence    
1,019.7   131.8 131.0 Industry    
945.2 235.0 201.8 183.0 Energy    
208.1   217.3 239.2 Immigration    
  663.4 372.5 369.5 Economic Development    
179.7 343.5 328.0 282.1 Communications    
1,019.9 1,085.3 1,052.8 406.0 Building & Housing 231.2 0.30
218.2 214.4 227.6 247.6 Special Interests 262.7 0.30
        Housing 264.5 0.30
380.4 398.1 383.5 366.0 Arts & Culture 393.5 0.44
457.7 498.7 643.3 420.7 Treaty Negotiations 437.8 0.49
618.0 2,286.1 779.8 570.4 Cant. Earthquake Recovery 453.7 0.51
618.0 2,286.1 779.8 570.4 Primary Industry & Food Safety 863.1 0.97
1,013.7 940.0 997.3 1,050.2 Foreign Policy 1,088.1 1.22
1,275.5 1,070.9 1,063.5 1,053.5 Government 1,083.3 1.22
887.7 947.7 954.2 1,087.9 Environment 1,136.5 1.28
1,190.0 1,165.2 1,399.1 1,347.3 Justice 1,375.4 1.55
  1,449.1 129.0 138.8 Labour Market 1,525.5 1.72
776.5 800.3 798.8 966.6 Business, Science & Innov. 2,264.1 2.55
2,882.2 2,983.0 3,169.7 3,073.7 Law & Order 3,190.9 3.59
3,039.0 2,825.4 3,269.7 3,825.4 Defence 3,594.0 4.04
3,911.4 3,726.9 3,613.4 4,518.7 Transport 4,270.6 4.80
10,841.7 11,559.5 11,727.1 11,524.6 Finance, Customs & Tfr's 12,874.5 14.47
12,028.1 12,406.6 12,800.4 13,182.6 Education 13,861.2 15.58
13,613.0 13,983.1 14,570.9 15,647.1 Health 15,868.4 17.84
22,872.6 21,522.8 23,268.9 24,288.4 Social Welfare 24,138.1 27.14
======  ====== ====== ====== =================  ====== ======
$79,499.1 $82,163.9 $82,712.6 $85,548.6 Total Expenditure $88,945.9 100.0%
$208,467 $213,844 $223,217 $229,020 GDP (nominal, per RBNZ) $237,924  
38.1% 38.4% 37.1% 37.4% Govt spending - % of GDP 37.4%  
and this compares with taxes collected as follows:    
$61,732.4 $66,248.2 $69,512.5 $73,597.4 Total tax collected $76,638.0  
        (click on this link for details)  
             
Not all the difference between tax collected and expenditure needs to be borrowed. The Crown has other sources of revenue than tax. The biggest single reason is that significant portions of National Super payments are pre-funded in the Super Fund.

Sources: You can download the data behind these tables from the NZ Government website here »

Included within the various DHB budgets under the Health Vote is Pharmac's expenditure totalling $795 mln.

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Such a big spending on social welfare. I bet that spending generates the lowest level of return.

Should put $ into where return is high please.

The more you spend on social the more dependent your society will be on govt.

There is not return as such its a social thing.

Most of it is on pensions; which could maybe be best split out.

Yes. Click on the Social Welfare label to see the components. Gives me the same feelings Andrew Little expressed. Up +$660 mln in one year, up $2.7 bln in 5 years (that's a +28% rise). Pity the poor finance minister in five or ten years who has to push back on something so rampant that is eating his Budget alive.

... yes , but even the baby boomers aren't clever enough to live forever , once 25 % of them have died , or they're 50 % dead , the problem will solve itself ...

Is it possible to be half dead ?

Having said that, the income tax the NZ Super Fund pays the Govt now exceeds $1 bln per year, so maybe you could say it is currently being afforded. 

And the NZ Super Fund is growing after tax by at least $3 bln per year, so someone else might say we are covered on the pensions front.

Given the obvious success of the NZ Super Fund, maybe its time to dump the less effective KiwiSaver managers and give the better performer the job.

Or elect the Adrian Orr party to run publc finances. Success with the NZSF $30 bln probably qualifies him to work with the Govt spending Budget of $89 bln.

Only problem might be, Orr and team work with a disciplined approach. How likely would it be that voters would tick that box?