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 2026 Budget
6th Jun 26, 11:08am
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This table outlines the New Zealand Government's planned Finance spending for the 2026/27 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$.
| Actual 2021/22 | Actual 2022/23 | Actual 2023/24 | Actual 2024/25 |
Estim |
Budget 2026/27 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 801.6 | 0.0 | 0.0 | 0.0 | 0.0 | Air New Zealand | 0.0 | 0.0% |
| 50.0 | 128.6 | 0.0 | 0.0 | 0.0 | Tāmaki Regeneration Company Limited | 0.0 | 0.0% |
| 155.4 | 178.5 | 0.0 | 0.0 | 0.0 | New Zealand Green Investment Finance Ltd | 0.0 | 0.0% |
| 0.0 | 600.0 | 0.0 | 0.0 | 0.0 | Cost of Living payment | 0.0 | 0.0% |
| 0.0 | 2,107.9 | 0.0 | 0.0 | 0.0 | Kiwi Group Capital Limited | 0.0 | 0.0% |
| 0.0 | 0.0 | 1,800.0 | 0.0 | 0.0 | Capital Contribution to the Reserve Bank of New Zealand | 0.0 | 0.0% |
| 5,333.9 | 167.0 | 0.2 | 0.0 | 0.0 | COVID-19 Payments | 0.0 | 0.0% |
| 2,497.1 | 10.1 | 10.2 | 0.6 | 0.0 | International Financial Institutions | 0.0 | 0.0% |
| 217.4 | 190.6 | 423.1 | 199.4 | 0.0 | Housing New Zealand - Kāinga Ora | 0.0 | 0.0% |
| 0.0 | 0.0 | 4.7 | 2.3 | 10.1 | North Island Severe Weather Events | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 192.8 | Impairment of Crown Equity Investments | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 200.0 | Equity Injection to Genesis Energy Limited | 0.0 | 0.0% |
| 0.0 | 0.0 | 47.0 | 0.0 | 253.0 | KiwiRail - Project iReX Wind down Costs | 0.0 | 0.0% |
| 0.0 | 0.0 | 0.0 | 7.4 | 12.9 | Capital Injections | 1.8 | 0.0% |
| 8.1 | 6.8 | 39.2 | 1.5 | 0.9 | Management of New Zealand House, London | 1.8 | 0.0% |
| 1.1 | 3.4 | 2.8 | 3.3 | 3.0 | Management of Landcorp Protected Land Agreement | 2.3 | 0.0% |
| 13.1 | 12.3 | 11.5 | 10.7 | 8.8 | Minimum Family Tax Credit | 8.4 | 0.0% |
| 11.9 | 13.3 | 13.4 | 12.5 | 10.4 | Shared Support Services | 10.4 | 0.0% |
| 24.6 | 28.2 | 19.9 | 14.9 | 16.0 | Administration | 15.9 | 0.1% |
| 3.0 | 36.6 | 37.4 | 34.0 | 25.2 | National Provident Fund | 23.6 | 0.1% |
| 57.1 | 41.2 | 39.7 | 18.0 | 79.8 | Venture Capital Fund | 25.6 | 0.1% |
| 37.5 | 44.1 | 34.4 | 30.6 | 31.0 | Capital Expenditure | 32.4 | 0.2% |
| 0.0 | 0.0 | 0.0 | 0.0 | 8.0 | Final-year Fees Free Payments | 33.4 | 0.2% |
| 5,706.4 | 3,147.5 | 1,207.0 | 86.5 | 8.1 | Guarantees and Indemnities | 48.0 | 0.2% |
| 123.1 | 54.6 | 37.0 | 16.4 | 13.2 | Other | 56.5 | 0.3% |
| 19.5 | 78.0 | 363.5 | 35.3 | 258.6 | Infrastructure | 70.1 | 0.3% |
| 98.4 | 98.3 | 104.2 | 99.9 | 111.6 | Policy, Financial, Monitoring & Advice | 119.0 | 0.6% |
| 0.0 | 0.0 | 0.0 | 50.6 | 140.0 | FamilyBoost Tax Credit | 168.0 | 0.8% |
| 281.6 | 264.3 | 203.3 | 93.1 | 137.1 | Greater Christchurch Anchor Projects | 177.3 | 0.8% |
| 48.6 | 36.1 | 36.6 | 120.7 | 176.6 | Dividend Reinvestment by Mixed Ownership Model Companies | 179.1 | 0.8% |
| 0.0 | 0.0 | 0.0 | 100.0 | 180.0 | Community Housing Finance Agency Group | 180.0 | 0.8% |
| 0.0 | 0.0 | 0.0 | 2.5 | 222.1 | Cook Strait Ferry Replacements | 265.7 | 1.2% |
| 307.6 | 321.3 | 336.1 | 346.0 | 327.0 | Best Start Tax Credit | 286.0 | 1.3% |
| 296.5 | 294.0 | 413.4 | 425.9 | 410.0 | Child Support Payments | 408.0 | 1.9% |
| 2,420.5 | 2,558.5 | 1,614.6 | 879.7 | 0.8 | NZ Superannuation Fund | 562.7 | 2.6% |
| 964.0 | 996.6 | 1,014.2 | 1,020.3 | 559.8 | KiwiSaver | 583.1 | 2.7% |
| 640.4 | 549.7 | 850.2 | 800.4 | 607.1 | Government Superannuation Fund | 692.1 | 3.2% |
| 473.0 | 63.9 | 317.0 | 532.4 | 625.7 | Science, Innovation and Technology: R&D Tax Incentive | 703.7 | 3.3% |
| 573.4 | 660.5 | 706.5 | 751.0 | 786.1 | Services for Customers | 771.4 | 3.6% |
| 602.6 | 608.0 | 647.3 | 708.9 | 745.0 | Paid Parental Leave Payments | 785.0 | 3.6% |
| 489.1 | 550.7 | 544.1 | 644.7 | 775.1 | Initial Fair Value Write-Down Relating to Student Loans | 823.4 | 3.8% |
| 506.2 | 464.0 | 437.0 | 550.0 | 647.0 | In-Work Tax Credit | 844.0 | 3.9% |
| 751.5 | 1,474.1 | 2,413.5 | 1,882.5 | 1,550.0 | Impairment of Debt and Debt Write-Offs | 1,380.0 | 6.4% |
| 2,016.6 | 2,151.2 | 2,296.6 | 2,434.3 | 2,449.0 | Family Tax Credit | 2,585.0 | 12.0% |
| 4,012.2 | 5,391.1 | 6,478.9 | 7,476.6 | 8,562.2 | Debt Servicing | 9,665.5 | 44.9% |
| 29,543 | 23,331 | 22,504 | 19,393 | 20,144 | Total Spending | 21,509 | 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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