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Budget 2012 Home Page Estimates of Appropriations 2012/12

Vote Economic Development

MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister for Economic Development (M25), Minister for Small Business (M62)

ADMINISTERING DEPARTMENT: Ministry of Economic Development

MINISTER RESPONSIBLE FOR MINISTRY OF ECONOMIC DEVELOPMENT: Minister for Economic Development

Overview of the Vote

The Minister for Economic Development is responsible for appropriations in the Vote for the 2012/13 financial year covering the following:

  • a total of just over $22 million for policy advice on economic, industry and regional development policies, services to support the Minister, monitoring the performance and compliance of Crown entities and initiatives to promote sustainable economic development and issues related to small and medium enterprises
  • a total of just over $144 million for New Zealand Trade and Enterprise operating expenses
  • a total of just under $36 million for New Zealand Trade and Enterprise cash grant schemes
  • a total of just under $77 million for other services related to firms and industry
  • a total of $12 million for capital expenditure in the Ministry of Economic Development, and
  • a total of just over $20 million for capital investments in the early stage equity finance markets and offshore market development assistance to business.

Details of these appropriations are set out in Parts 2-6 for Vote Economic Development in the Information Supporting the Estimates of Appropriations.

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