Performance Information for Appropriations Vote Finance
MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister of Finance (M31)
ADMINISTERING DEPARTMENT: The Treasury
MINISTER RESPONSIBLE FOR THE TREASURY: Minister of Finance
Part 1 - Summary of the Vote
Part 1.1 - Overview of the Vote
The Minister of Finance is responsible for appropriations in the Vote for the 2008/09 financial year covering the following:
- a total of nearly $13 million for macroeconomic policy and management including Budget management, macroeconomic, tax and fiscal forecasting; advice on fiscal policy and strategy; and fiscal reporting and departmental financial management controls including the development and application of generally accepted accounting practice to the Crown
- a total of over $36 million for policy advice on improving New Zealand's overall economic performance and state sector performance
- a total of over $1,996 million for the payment of interest and other costs relating to the Crown's debt
- a total of over $3,204 million in superannuation costs
- a total of over $623 million for capital in the Reserve Bank of New Zealand, Landcorp Farming Limited, Industrial Research Limited and Hawke's Bay Airport company
- a total of nearly $430 million for the development and maintenance of rail infrastructure
- a total of $200 million for New Zealand's membership of the international financial institutions
- a total of over $15 million for the purchase of Maui gas in accordance with the Crown's contractual obligations
- a total of over $17 million for New Zealand House, London costs
- a total of nearly $2 million for the purchase of Treasury departmental assets
- a total of nearly $2 million for unclaimed money and various Crown liabilities.
Details of these appropriations are set out in Parts 2-6 below.
