Budget 2016 - Financing, Transfers, Customs, IRD

Budget 2016 - Financing, Transfers, Customs, IRD

This table outlines the New Zealand Government's planned spending for collecting revenues and servicing debt in the 2016/17 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 2012/13
Actual 2013/14
Actual 2014/15 Actual 2015/16 Financing, Transfers, Customs, IRD: Budget 2016/17
%
NZ$m
NZ$m
NZ$m
NZ$m
 
NZ$m
 
5.138
5.371
0.000
  Administration of Crown borrowing NZDMO    
0.772
0.702
0.000
  Administration of investment of public money    
925.000
931.000
0.000
  Bad Debt write-offs    
58.809
10.000
0.000
  Crown Asset Mgmt - equity injection    
0.000
0.527
0.000
  Export Credit Office guarantees and indemnities    
639.505
0.000
0.000
  Government Superannuation Fund    
0.000
4.100
0.000
  Impairment of Learning Media Funding Facility    
0.000
4.100
0.000
  Learning Media Funding Facility    
0.000
22.000
0.000
  Loyalty bonus scheme - relating to IPO's    
0.000
49.134
0.000
  Mixed Ownership Model - implemtation & sales    
0.000
30.000
0.000
  New Zealand Aluminium Smelters - Electricity Agreement Incentive Payment    
0.000
0.083
0.000
  Payments in respect of guarantees and indemnities    
0.004
0.000
0.000
  Payments of Guarnatees and indemnities    
0.000
130.000
0.000
  Solid Energy NZ Ltd - Loan facilities    
0.000
25.000
0.000
  Solid Energy NZ Ltd - redeemable preference share impairment    
0.000 0.000 25.000   Solid Energy NZ Ltd - redeemable preference shares    
0.000
0.145
0.151   Mgmt of Crown obligation for geothermal wells    
0.800
0.000
0.200   Impairment of loans - Taitokerau Forests    
0.200
0.244
0.200   Taitokerau Forests Grant    
0.500
0.200
0.500   Unclaimed money    
0.700
1.700
1.300   Taitokerau Forests    
2.000
2.000
2.000   Change in doubtful debt provision    
23.072
6.266
4.000   Landcorp Protected Land Agreement & capital    
3.572
5.959
4.992   Monitoring advice to Ministers & others    
5.832
6.601
6.493   Revenue collection    
7.000
8.000
7.000   Income equalisation interest    
1.126
0.973
8.917   Administration of derivative transactions    
53.700
30.279
10.740   NZ Customs capital expenditure    
13.678
15.295
13.497   Unwind discount rate on Crown Deed (AMI)    
14.000
13.050
14.750   New Zealand House, London (incl mgmt & capex)    
17.000
17.000
19.000   Parental Tax Credit    
24.000
26.000
25.000   National Provident Fund Schemes    
1.126 0.973 8.917   Administration of derivative transactions    
0.165 0.165 0.165   Provision of fin.services NZ LGFA    
      0.050 Govt inquiry into foreign trust disclosure regime    
      1.851 Solid Energy NZ Ltd - payments for enviornmental rehabilitation    
      6.100 Otakaro cash injection    
      20.000 Auckland Council Loans: Loss on early repayment    
      60.900 Solid Energy NZ Ltd - write off of historical investment    
      167.000 Impairment of investment in Southern Response Earthquake Services    
      167.000 Southern Response Earthquake Services equity investmen    
0.010 0.010 0.010 0.020 Adverse event interest 0.010 0.0
0.050 0.050 0.050 0.050 Govt Superannuation appeals board 0.050 0.0
0.045 0.048 0.052 0.058 World Customs Organisation 0.060 0.0
0.230 0.055 0.230 0.015 Crown residual liabilities 0.060 0.0
0.000 0.000 0.000 0.150 Crown's obligations for geothermal wells 0.151 0.0
      0.201 Crown Company Monitoring Advice to the Minister for Science & Innovation and Other Responsible Ministers 0.216 0.0
      0.473 Grants 0.230 0.0
0.500 0.200 0.500 0.040 Unclaimed money 0.250 0.0
        Unclaimed trust money 0.250 0.0
1.551 0.418 0.110 0.061 Admin of guarantees and indemnities given by  Crown 0.310 0.0
0.500 0.000 0.500   Geothermal wells fund 0.500 0.0
      0.400 Loans 0.500 0.0
0.528 0.408 0.528 0.628 Mgmt of the New Zealand Superannuation Fund 0.528 0.0
      0.629 Research into and Promotion of Productivity-Related Matters 0.629 0.0
        Capital Expenditure 0.750 0.0
1.700 1.800 1.300 1.100 Child Tax Credit 0.900 0.0
      0.800 Property Management 1.000 0.0
0.800 0.000 0.200 5.791 Impairment of loans - Taitokerau Forests 1.100 0.0
      1.625 Review and Reform of Local Government Infrastructure Arrangements 1.605 0.0
      0.410 Renegotiation of lease arrangements 1.900 0.0
      1.500 Capital Investments 2.000 0.0
2.000 2.000 2.000 2.000 Environmental Restoration Account interest 2.000 0.0
      2.200 Operating Costs 2.250 0.0
      1.605 Unwind of Discount Rate Used in the Present Value Calculation
of Payment for shares in International Financial Institutions
2.920 0.0
0.000 0.650 3.060 2.560 Services to other agencies 3.060 0.0
        Tamaki regeneration 3.190 0.0
      6.900 Direct Sale Costs for Implementing the Social Housing Reform Programme 3.600 0.0
4.654 6.121 4.833 6.274 Treasury capex 4.240 0.0
5.028 5.030 5.030 4.401 Inquiries into productivity 4.401 0.0
      4.716 Crown Company Monitoring Advice to the Minister for State-Owned Enterprises and Other Responsible Ministers 4.659 0.0
      4.545 Policy Advice - Customs 4.791 0.0
318.000 296.000 323.000 5.000 Impairment of debt - child support 5.000 0.0
2.600 3.300 4.000 4.700 Payroll subsidy 5.900 0.0
      9.744 Implementation of the Social Housing Reform Programme 7.860 0.1
2.000 2.000 2.000 8.000 Change in doubtful debt provision 8.000 0.1
      16.370 Unwind of Discount Rate Used in the Present Value Calculation
of Payment Under Crown Deed of Support with Southern Response Earthquake Services Ltd
8.088 0.1
4.883 4.717 4.112 9.115 Int'l services & ministerial servicing 9.232 0.1
5.138 5.371 0.000 8.997 Administration of Crown borrowing NZDMO 9.249 0.1
      8.952 Policy advice - Revenue 9.252 0.1
7.000 8.000 7.000 13.000 Income equalisation interest 10.000 0.1
      12.000 KiwiSaver Interest 10.000 0.1
5.832 6.601 6.493 8.332 Revenue collection 11.001 0.1
47.433 212.000 30.500 350.494 International financial institutions 12.000 0.1
      13.900 Operational Costs 13.000 0.1
14.894 15.526 14.898 12.090 Information & Intelligence 13.143 0.1
7.000 9.654 10.400 12.021 Shared support services 14.313 0.1
12.000 14.000 13.000 14.000 Minimum family tax credit 15.000 0.1
53.700 30.279 10.740 25.000 NZ Customs capital expenditure 15.000 0.1
      7.467 Mgmt of Anchor projects by Otakaro Ltd 23.000 0.2
0.000 0.000 0.000 27.000 National Provident Fund - scheme deficiency 25.000 0.2
17.000 17.000 19.000 31.000 Parental Tax Credit 29.000 0.2
0.000
32.323
29.251 29.809 Financial operations & operational advice 30.950 0.3
33.318 43.098 45.060 32.233 Policy advice & Policy advice - finance 31.181 0.3
24.599 27.856 28.523 38.000 Govt Super Fund Authority - crown share 37.000 0.3
      23.000 Loan facility for Tamaki Redevelopment Company 78.000 0.7
216.000 45.434 100.000   Impairment of debt - student loans 100.000 0.8
112.697 149.450 140.572 113.221 Services to process obligations and payments 109.968 0.9
125.507 136.618 135.739 139.466 Clearance & Enforcement services 152.797 1.3
116.874 135.238 143.259 153.360 Mgmt of debt & outstanding returns 153.277 1.3
0.000 51.000 62.336 72.000 IRD capital expenditure 174.000 1.5
175.714 169.153 166.131 167.236 Investigations 175.745 1.5
      300.000 Transfer of anchor project assets to Otakaro Limited 200.000 1.7
      65.521 Greater Christchurch anchor projects 203.887 1.7
248.835 252.631 251.307 228.568 Services to inform the public about entitlements and meeting obligations 227.232 1.9
      79.400 Transformation 237.000 2.0
      142.362 Refinancing of Housing NZ Corp & Housing NZ Ltd Debt 275.778 2.3
167.000
96.311
176.000 233.000 Paid parental leave payments 277.000 2.3
227.000 240.000 267.000 283.000 Child Support payments 300.000 2.5
0.000
619.174
735.397 614.065 Govt Super Fund unfunded liability 528.149 4.4
541.000 523.000 494.000 522.000 In-Work tax credit 600.000 5.0
528.000 644.000 668.000 670.000 Initial fair value write down - student loans 689.000 5.8
738.000
822.000
827.000 689.000 Kiwisaver - tax credit 728.000 6.1
0.000
266.234
1,162.098 1,003.139 Impairment of debt & write-offs 1,093.307 9.1
      1,631.161 Tfr Housing NZ Tamaki Housing Stock to Tamaki Redevel. Co.    
2,047.000
1,976.000
1,934.000 1,824.000 Family Tax Credit 1,797.000 15.0
3,614.299
3,554.913
3,622.323 3,424.513 Debt servicing interest 3,448.298 28.9
--------
--------
-------- -------- ----------------------------------  --------  
$11,477.5
$11,727.1
$11,524.5 $13,547.3  Totals $11,948.7 100

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

Source: http://www.budget.govt.nz/budget/2016/by/vote/index.htm

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