Vote Finance
MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister of Finance (M31), Minister for Infrastructure (M80), Minister for Regulatory Reform (M81)
ADMINISTERING DEPARTMENT: The Treasury
MINISTER RESPONSIBLE FOR THE TREASURY: Minister of Finance
Overview of the Vote
The Minister of Finance is responsible for appropriations in Vote Finance for the 2010/11 financial year which covers the following:
- Nearly $29 million for policy advice on lifting New Zealand's overall economic performance and state sector performance.
- Nearly $15 million for macroeconomic policy and management which includes advice on fiscal policy and strategy; fiscal management, macroeconomic, tax and fiscal forecasting and fiscal reporting.
- Over $3,066 million for the payment of interest and other costs relating to the Crown's debt.
- Over $778 million for superannuation costs.
- $71 million for a capital payment to the Asian Development Bank.
- Over $17 million for capital investment in Landcorp Farming Limited.
- Over $17 million for New Zealand House, London costs.
- Over $2 million for the establishment of the New Zealand Productivity Commission.
- Nearly $12 million for the Crowns guarantees and indemnities.
- Nearly $2 million for Taitokerau Forests Limited.
- Over $1 million for Treasury capital expenditure.
- Over $3 million for unclaimed money and various Crown liabilities.
The Minister of Finance is also responsible for Crown revenue and receipts in the Vote for the 2010/11 financial year, which covers the following:
- A forecast of over $3,219 million in non-tax revenue.
- A forecast of $746,000 in capital receipts.
The Minister for Infrastructure is responsible for one appropriation in Vote Finance for the 2010/11 financial year which covers the following:
- Almost $5 million for policy advice and co-ordination of the Government's infrastructure activities.
Details of these appropriations are set out in Parts 2-6 for Vote Finance in the Information Supporting the Estimates of Appropriations.
