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 2025 Budget
5th Jun 25, 1:26pm
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This table outlines the New Zealand Government's planned Finance spending for the 2025/26 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$.
| Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Estimate 2024/25 | Budget 2025/26 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | Management of the Crown's Agreement with Taitokerau Forests Limited | 0.0 | 0.0% |
| 130.0 | 0.0 | 0.0 | 0.0 | 0.0 | Earthquake Commission Natural Disaster Fund Deficiency – Grants | 0.0 | 0.0% |
| 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | Stewardship of Residual Crown Obligations | 0.0 | 0.0% |
| 0.0 | 47.0 | 0.0 | 0.0 | 0.0 | COVID-19: Capital Injections | 0.0 | 0.0% |
| 350.0 | 500.0 | 0.0 | 0.0 | 0.0 | COVID-19: Loans to Air New Zealand | 0.0 | 0.0% |
| 0.0 | 801.6 | 0.0 | 0.0 | 0.0 | Subscription for Shares in Air New Zealand | 0.0 | 0.0% |
| 440.7 | 230.1 | 53.9 | 0.0 | 0.0 | Initial Fair Value Write-Down (Small Business Cashflow Scheme COVID-19) | 0.0 | 0.0% |
| 47.9 | 155.4 | 178.5 | 0.0 | 0.0 | New Zealand Green Investment Finance Ltd – Equity Injections | 0.0 | 0.0% |
| 0.0 | 0.0 | 2,107.9 | 0.0 | 0.0 | Subscription for Shares in Kiwi Group Capital Limited | 0.0 | 0.0% |
| 0.0 | 537.5 | 100.1 | 0.1 | 0.0 | Small Business Cashflow Scheme COVID-19 | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | Productivity Commission - Disestablishment and Ongoing Liabilities | 0.0 | 0.0% |
| 5.0 | 5.9 | 5.9 | 4.0 | 0.0 | Inquiries and Research into Productivity-Related Matters | 0.0 | 0.0% |
| 30.2 | 2,497.1 | 10.1 | 10.2 | 0.0 | International Financial Institutions | 0.0 | 0.0% |
| 128.6 | 96.9 | 29.2 | 15.7 | 0.0 | Transformation | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 1,800.0 | 0.0 | Capital Contribution to the Reserve Bank of New Zealand | 0.0 | 0.0% |
| 0.0 | 0.0 | 600.0 | 0.0 | 0.0 | Cost of Living payment | 0.0 | 0.0% |
| 200.0 | 4,019.3 | 13.0 | 0.1 | 0.1 | COVID-19 Payments | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 4.7 | 12.4 | North Island Severe Weather Events- Financing Support | 0.0 | 0.0% |
| 8.2 | 8.1 | 6.8 | 39.2 | 2.7 | Management of New Zealand House, London | 0.9 | 0.0% |
| 3.1 | 1.9 | 3.9 | 2.0 | 6.0 | The Treasury - Capital Expenditure | 6.0 | 0.0% |
| 13.2 | 13.1 | 12.3 | 11.5 | 10.3 | Minimum Family Tax Credit | 7.9 | 0.0% |
| 9.6 | 11.9 | 13.3 | 13.4 | 13.3 | Shared Support Services | 10.5 | 0.1% |
| 11.9 | 24.6 | 28.2 | 19.9 | 19.8 | Administration | 17.9 | 0.1% |
| 2.0 | 3.0 | 36.6 | 37.4 | 31.2 | National Provident Fund | 25.2 | 0.1% |
| 23.4 | 57.1 | 41.2 | 39.7 | 58.6 | Venture Capital Fund | 39.3 | 0.2% |
| 65.0 | 35.6 | 40.2 | 32.4 | 32.0 | Inland Revenue Department - Capital Expenditure | 47.7 | 0.2% |
| 1,045.4 | 4.6 | 64.1 | 349.6 | 121.3 | Infrastructure | 82.2 | 0.4% |
| 22.9 | 21.3 | 22.9 | 19.2 | 29.1 | Other | 86.8 | 0.4% |
| 2,120.5 | 2,420.5 | 2,558.5 | 1,614.6 | 879.7 | NZ Superannuation Fund | 103.7 | 0.5% |
| 111.5 | 113.3 | 112.2 | 118.1 | 117.8 | Policy, Financial, Monitoring & Advice | 130.2 | 0.7% |
| 3,157.3 | 5,706.4 | 3,147.5 | 1,207.7 | 298.8 | Payments and Expenses in Respect of Guarantees and Indemnities | 132.8 | 0.7% |
| 8.9 | 48.6 | 36.1 | 36.6 | 137.3 | Participation in Dividend Reinvestment Plans | 140.0 | 0.7% |
| 0.0 | 0.0 | 0.0 | 0.0 | 131.0 | FamilyBoost Tax Credit | 171.0 | 0.9% |
| 201.4 | 267.4 | 319.2 | 423.1 | 380.5 | Housing New Zealand - Kāinga Ora | 180.0 | 0.9% |
| 449.9 | 281.6 | 264.3 | 203.3 | 197.9 | Greater Christchurch Anchor Projects | 238.6 | 1.2% |
| 0.0 | 0.0 | 0.0 | 47.0 | 0.0 | KiwiRail - Project iReX Wind down Costs | 253.0 | 1.3% |
| 271.1 | 307.6 | 321.3 | 336.1 | 348.0 | Best Start Tax Credit | 326.0 | 1.7% |
| 281.2 | 296.5 | 294.0 | 413.4 | 434.0 | Child Support Payments | 442.0 | 2.3% |
| 923.2 | 964.0 | 996.6 | 1,014.2 | 1,059.7 | KiwiSaver | 545.0 | 2.8% |
| 571.7 | 506.2 | 464.0 | 437.0 | 554.0 | In-Work Tax Credit | 588.0 | 3.0% |
| 468.6 | 489.1 | 550.7 | 544.1 | 572.0 | Initial Fair Value Write-Down Relating to Student Loans | 636.0 | 3.3% |
| 313.0 | 473.0 | 63.9 | 317.0 | 593.0 | Science, Innovation and Technology: R&D Tax Incentive | 650.7 | 3.3% |
| 517.5 | 640.4 | 549.7 | 850.2 | 774.5 | Government Superannuation Fund | 729.1 | 3.7% |
| 503.3 | 602.6 | 608.0 | 647.3 | 720.0 | Paid Parental Leave Payments | 745.0 | 3.8% |
| 581.2 | 573.4 | 660.5 | 706.5 | 754.4 | Services for Customers | 786.2 | 4.0% |
| 881.7 | 751.5 | 1,474.1 | 2,413.5 | 2,196.9 | Impairment of Debt and Debt Write-Offs | 1,525.0 | 7.8% |
| 2,102.7 | 2,016.6 | 2,151.2 | 2,296.6 | 2,435.0 | Family Tax Credit | 2,374.0 | 12.1% |
| 3,147.2 | 4,012.2 | 5,391.1 | 6,478.9 | 7,445.8 | Debt Servicing | 8,521.2 | 43.6% |
| 19,149 | 29,543 | 23,331 | 22,504 | 20,367 | Total Spending | 19,542 | 100% |
You can get back to the main page that summarises all government spending here >>
Sources: You can download the data behind these tables from the NZ Government website here.
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