Budget 2007
Page updated 25 Oct 2007
This is the home page for Budget 2007 for the Government of New Zealand, delivered by the Minister of Finance, Hon Dr Michael Cullen, on 17 May 2007.
Budget Documents
The core Budget documents available on the Treasury web site are listed below. Most of these documents are tabled in Parliament by the Minister of Finance on Budget day.
- Executive Summary: Minister's Statement, the Government's Finances at a Glance, New Spending in Budget 2007
- The Executive Summary is the overview of all the Budget information and contains the key points for the media and general public. It summarises the Government's spending decisions and generally focuses on issues raised in the Budget Speech, Budget Economic and Fiscal Update and Fiscal Strategy Report.
- Budget Speech
- The Budget Speech is the Minister of Finance's speech at the start of Parliament's Budget debate. The Speech generally focuses on the overall fiscal and economic position, and how the Government will fund its policy priorities.
- Fiscal Strategy Report
- The Fiscal Strategy Report sets out the Government's fiscal strategy and measures how the Government is progressing against its overall goals in areas such as balancing operating revenues and expenses, and achieving debt objectives. It includes fiscal trends covering at least the next ten years, and a comparison with progress towards the long-term fiscal objectives set out in the Budget Policy Statement 2007.
- Budget Economic and Fiscal Update (BEFU) 2007
- This document includes Treasury's overall economic forecasts and forecast financial statements of the Government. The Update includes the implications of government financial decisions and other information relevant to the fiscal and economic position. There is information available on this website that is not included in the printed documents.
- Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2008
- The Estimates outline the costs the Government plans to incur on each specified area within each "vote" for the coming year.
- Supplementary Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2007
- The Supplementary Estimates outline the additional money required to cover the current year's spending.
- Departments' Statements of Intent (SOIs)
- The SOI provides information about how each government department intends to manage for outcomes over the next 3-5 years. The SOI also contains annual financial and output expense information required under the Public Finance Act 1989. Links are provided to each department's SOI.
Ministers' Budget-Related Information
Material prepared by Ministers' offices and departments to explain some of the key Budget initiatives:
- Budget Media Statements by Ministers are available from the Beehive website's Budget 2007 page.
The Treasury hosts the Government's information pages relating to these Budget 2007 initiatives:
Treasury Budget-Related Information
Other material produced or published by the Treasury includes:
- Budget 2007 Information Release (28 June 2007) - Release of Budget strategy documents, senior Ministers' multilaterals, bilateral briefings, Cabinet minutes and other material relating to Budget 2007.
- Budget Data - Excel workbooks containing the source information for the tables contained in Budget 2007 documents (Summary, Trend, Appropriation and Revenue tables).
- Fiscal Strategy Model - A Treasury model, released with the Budget, which projects the fiscal performance and fiscal position of the government.
- Key Facts for Taxpayers - Summary of tax, expenditure and income data from the Budget Economic and Fiscal Update (BEFU).
- Estimates of Revenue Effects of Small Tax Rate and Tax Base Changes (formerly the Ready Reckoner)
- New Zealand Superannuation Fund Contribution Rate Model
- Budget Process - Overview of how the Budget process works in New Zealand.
- A Guide to the Public Finance Act - This guide focuses on the legislative requirements of the Act in relation to departments, Offices of Parliament and the government as a whole.
