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Budget 2011

Page updated 25 Oct 2011

This is the home page for Budget 2011 for the government of New Zealand. Hon Bill English is Minister of Finance.

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Document Tabled on 25 October 2011

Pre-election Economic and Fiscal Update 2011 (PREFU)
The Update includes the Treasury's overall economic forecasts and the forecast financial statements of the Government, along with the implications of government financial decisions and other information relevant to the fiscal and economic position.

Budget 2011 Information Release

The Treasury has released documents relating to Budget 2011 in response to and in anticipation of requests for Budget-related information - see Budget 2011 Information Release.

 

Documents Tabled on 19 May 2011

The core Budget documents available on the Treasury website are listed below. Most of these documents are tabled in Parliament by the Minister of Finance on Budget Day, 19 May 2011.

Minister's Executive Summary
The Executive Summary is the overview of all the Budget information and contains the main points for the media and general public. This section summarises the Government's spending decisions and main issues raised in the Budget Speech, the Fiscal Strategy Report, the Supplement to the 2010 Investment Statement and the Budget Economic and Fiscal Update.
Budget Speech
The Budget Speech is the Minister of Finance's speech delivering the Budget Statement at the start of Parliament's Budget debate. The Budget Statement generally focuses on the overall fiscal and economic position, the Government's policy priorities and how those priorities will be funded.
Fiscal Strategy Report
The Fiscal Strategy Report sets out the Government's fiscal strategy and measures how the Government is going against its overall goals in areas such as the balance between operating revenues and expenses, and achieving debt objectives. The 2011 report includes fiscal trends covering at least the next 10 years and the Government's long-term fiscal objectives. The Government must explain changes in, and/or inconsistencies between, the Fiscal Strategy Report, the Budget Policy Statement and the previous year's Fiscal Strategy Report.
Supplement to the 2010 Investment Statement of the Government of New Zealand
The Supplement updates the 2010 Investment Statement of the Government of New Zealand which provides an overview of the significant assets and liabilities on the Crown's balance sheet, how they have changed over time and how what the Crown owns and owes is forecast to change over the next five years. The Supplement explains ways in which new Crown investment can be funded, gives greater clarity around medium-term investment priorities and signposts how the Government is working to improve asset management.
Budget Economic and Fiscal Update 2011 (BEFU)
The Update includes the Treasury's overall economic forecasts and the forecast financial statements of the Government, along with the implications of government financial decisions and other information relevant to the fiscal and economic position.
Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2012
The Estimates outline expenses and capital expenditure the Government plans to incur on specified areas within each Vote for the financial year about to start (the Budget year).
Information Supporting the Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2012
Information Supporting the Estimates is organised on the basis of sectors, with each Vote and its administering department allocated to one sector (a small number of departments are in more than one sector). The Information Supporting the Estimates comprises sector overview information, together with statements of responsibility; performance information for appropriations in Votes covered by the sector; and statements of forecast service performance and forecast financial statements of departments included in the sector. Statements of Intent of departments included in the sector form part of the supporting information.
Supplementary Estimates of Appropriations for the Government of New Zealand and Supporting Information for the Year Ending 30 June 2011
The Supplementary Estimates outlines the additional expenses and capital expenditure required for the financial year about to end. The Supporting Information provides reasons for the changes to appropriations during the year, related changes in performance information and certain additional performance information for new appropriations.

Document Tabled on 14 December 2010

Budget Policy Statement (BPS) 2011
The BPS 2011 sets out the overarching policy goals that will guide the government's Budget decisions and the government's priorities for the forthcoming Budget. BPS 2011 was published conjointly with the Half Year Economic and Fiscal Update (HYEFU) 2009 which contained the Treasury's economic and fiscal forecasts.

Ministers' Budget-Related Information

Material prepared by Ministers' offices and departments to explain some of the key Budget initiatives is available from the Beehive website's Special Feature: Budget 2011 page for Ministers' pre-Budget announcements.

KiwiSaver and Working for Families Announcements

Information on the KiwiSaver and Working for Families policy changes is available at www.taxpolicy.ird.govt.nz (Policy Advice Division, Inland Revenue).

Treasury Budget-Related Information

Other material produced or published by the Treasury includes:

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