Public Policy
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Details of all the budget cost items that fall under the Treasury's 'Revenue' and 'Finance' categories in the 2022 Budget
1st Jun 22, 10:23am
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This table outlines the New Zealand Government's planned Finance spending for the 2022/23 budget year.
Actual spending for the previous five years is on the left.
The numbers are drawn from 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$.
| Actual 2017/18 | Actual 2018/19 | Actual 2019/20 | Actual 2020/21 | Estimate 2021/22 | Budget 2022/23 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 7.1 | 6.5 | 6.8 | 0.0 | 0.0 | Payroll Subsidy | 0.0 | 0.0% |
| 0.1 | 141.0 | 115.0 | 0.0 | 0.0 | Earthquake Commission Grants | 0.0 | 0.0% |
| 48.8 | 4.7 | 90.7 | 3,168.4 | 2,032.9 | Payments & Infrastructure Funding | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 30.2 | 27.9 | International Financial Institutions | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 350.0 | 2,102.0 | COVID-19: Loans to Air New Zealand | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 200.0 | 4,256.9 | COVID-19 Payments | 0.0 | 0.0% |
| 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | Unclaimed Money | 0.0 | 0.0% |
| 11.3 | 6.0 | 3.9 | 0.0 | 0.1 | Other | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | Southern Response Earthquake Services | 0.4 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.7 | Stewardship of Residual Crown Obligations | 0.7 | 0.0% |
| 0.6 | 0.6 | 0.5 | 0.5 | 0.7 | Management of the NZ Super Fund | 0.7 | 0.0% |
| 1.6 | 1.5 | 1.4 | 1.4 | 1.4 | Environmental Restoration Account Interest | 1.4 | 0.0% |
| 324.0 | 5.1 | 5.5 | 4.8 | 1.9 | Services to Other Agencies | 1.5 | 0.0% |
| 5.5 | 866.4 | 6.6 | 0.4 | 1.0 | KiwiSaver: Interest | 2.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 2.7 | 3.0 | Carrying Value of Future Liabilities | 3.0 | 0.0% |
| 18.0 | 15.0 | 12.0 | 2.0 | 2.0 | National Provident Fund Schemes | 3.0 | 0.0% |
| 3.4 | 9.8 | 4.3 | 0.7 | 3.2 | Management of Landcorp Protected Land Agreement | 3.5 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Capital Injections to Airways New Zealand | 4.0 | 0.0% |
| 55.2 | 22.8 | 18.9 | 151.1 | 61.7 | Management of Anchor Projects by Ōtākaro Limited | 4.0 | 0.0% |
| 0.0 | 5.0 | 5.0 | 5.0 | 5.9 | Inquiries and Research into Productivity-Related Matters | 5.9 | 0.0% |
| 5.3 | 12.7 | 2.6 | 3.1 | 6.0 | The Treasury - Capital Expenditure | 6.0 | 0.0% |
| 0.5 | 7.7 | 42.9 | 47.9 | 226.0 | New Zealand Green Investment Finance Ltd | 6.0 | 0.0% |
| 4.6 | 5.0 | 6.5 | 6.5 | 7.0 | Income Equalisation Interest | 7.0 | 0.0% |
| 12.9 | 9.3 | 8.5 | 9.6 | 11.6 | Shared Support Services | 10.5 | 0.1% |
| 7.4 | 11.7 | 8.9 | 8.2 | 25.6 | Management of New Zealand House, London | 11.0 | 0.1% |
| 0.0 | 0.0 | 0.0 | 13.5 | 14.9 | Independent Infrastructure Advice and Oversight | 13.9 | 0.1% |
| 282.2 | 87.5 | 29.8 | 23.0 | 27.8 | Administration costs | 14.7 | 0.1% |
| 0.0 | 0.0 | 0.0 | 1,034.9 | 239.2 | Shovel Ready Project Funding - CIP | 15.1 | 0.1% |
| 11.6 | 0.0 | 18.4 | 13.2 | 15.0 | Minimum Family Tax Credit | 17.0 | 0.1% |
| 0.0 | 0.0 | 150.0 | 0.0 | 50.0 | COVID-19: Capital Injections | 20.0 | 0.1% |
| 196.8 | 203.4 | 166.8 | 128.6 | 113.5 | Transformation | 24.0 | 0.1% |
| 138.3 | 212.2 | 678.6 | 431.9 | 286.2 | Greater Christchurch Anchor Projects | 51.5 | 0.3% |
| 103.7 | 107.9 | 103.8 | 65.0 | 48.2 | IRD - Capital Expenditure | 52.7 | 0.3% |
| 0.0 | 0.0 | 0.0 | 23.4 | 57.1 | Venture Capital Fund | 56.0 | 0.3% |
| 9.8 | 20.9 | 19.1 | 8.9 | 71.3 | Dividend Reinvestment Plans | 70.0 | 0.4% |
| 18.0 | 73.5 | 0.0 | 60.0 | 96.0 | Tāmaki Regeneration Company Limited | 82.6 | 0.5% |
| 44.0 | 10.0 | 87.7 | 86.9 | 97.4 | Policy Advice and Financial Services | 95.3 | 0.5% |
| 0.0 | 17.0 | 0.0 | 10.5 | 5.6 | Crown Infrastructure Partners Limited | 95.5 | 0.5% |
| 335.9 | 127.2 | 250.2 | 141.4 | 217.7 | Refinancing of Kāinga Ora | 194.0 | 1.1% |
| 0.0 | 0.0 | 685.5 | 142.9 | 639.0 | Small Business Cashflow Scheme Write-Downs | 279.0 | 1.5% |
| 288.4 | 290.7 | 297.2 | 281.2 | 294.0 | Child Support Payments | 285.0 | 1.6% |
| 0.0 | 47.6 | 184.1 | 271.1 | 339.0 | Best Start Tax Credit | 375.0 | 2.1% |
| 0.1 | 40.0 | 213.0 | 313.0 | 473.3 | Research, Science and Innovation: R&D Tax Incentive | 472.5 | 2.6% |
| 515.1 | 612.9 | 621.0 | 571.7 | 542.0 | In-Work Tax Credit | 545.0 | 3.0% |
| 504.0 | 462.2 | 581.3 | 517.5 | 519.0 | Government Superannuation Fund | 569.9 | 3.1% |
| 316.2 | 377.2 | 424.6 | 503.3 | 615.0 | Paid Parental Leave Payments | 645.0 | 3.6% |
| 0.0 | 0.0 | 1,428.0 | 297.7 | 1,492.0 | Small Business Cashflow Scheme COVID-19 | 652.0 | 3.6% |
| 594.3 | 563.4 | 506.1 | 468.6 | 527.0 | Initial Fair Value Write-Down (Student Loans) | 662.0 | 3.6% |
| 0.0 | 610.1 | 640.8 | 581.2 | 600.6 | Services for Customers | 721.9 | 4.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Cost of Living payment | 800.0 | 4.4% |
| 616.2 | 828.7 | 1,356.8 | 881.7 | 1,011.0 | Impairment of Debt and Debt Write-Offs | 841.0 | 4.6% |
| 801.8 | 2,130.7 | 859.1 | 915.6 | 977.0 | KiwiSaver: Tax Credit | 1,028.0 | 5.7% |
| 1,639.1 | 14.0 | 2,189.0 | 2,102.7 | 2,108.0 | Family Tax Credit | 2,375.0 | 13.1% |
| 500.0 | 1,000.0 | 1,460.0 | 2,120.0 | 2,420.0 | NZ Superannuation Fund - Contributions | 2,460.0 | 13.6% |
| 3,412.7 | 3,349.7 | 3,074.5 | 3,147.2 | 4,004.7 | Debt Servicing | 4,569.0 | 25.2% |
| 10,834 | 12,317 | 16,365 | 19,149 | 26,679 | Total Treasury & Finance | 18,153 | 100% |
You can get back to the main page that summarises all government spending here>>
Sources: https://www.budget.govt.nz/budget/2022/data-library.htm#forecasts
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