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Budget 2014

Page updated 29 Jul 2014

This is the home page for Budget 2014 for the government of New Zealand. Hon Bill English is Minister of Finance.

Budget 2014 Logo.

The Budget website at www.budget.govt.nz is optimised for mobile and tablet devices and provides access to the current Budget documents. The NZ Budget App is a native App for iOS and Android devices.

Pre-election Economic and Fiscal Update lock-up

The PREFU 2014 lock-up for media and economic and financial analysts will be held on Tuesday 19 August 2014 from 10am until 12 noon held on Level 5 at the Treasury, 1 The Terrace, Wellington. See Pre-election Economic and Fiscal Update 2011: Media and Analysts' Lock-up

Budget 2014 Information Release

The Treasury published on 3 July 2014 background information relating to Budget 2014 decisions. See Budget 2014 Information Release

Documents Tabled on 15 May 2014

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, 15 May 2014.

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. It summarises the Government's spending decisions and main issues raised in the Budget Speech, the Fiscal Strategy Report 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 in areas such as the balance between operating revenues and expenses, and its debt objectives. The 2014 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.
Budget Economic and Fiscal Update (BEFU) 2014
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 2015
The Estimates outlines for the financial year about to start (the Budget year) expenses and capital expenditure the Government plans to incur on specified areas within each Vote, and capital injections it plans to make to individual departments. The Estimates is organised on the basis of 10 sector volumes, with each Vote allocated to one sector. Supporting information in the Estimates summarises the new policy initiatives and trend information for each Vote and provides information on what is intended to be achieved with each appropriation in a Vote and how performance against each appropriation will be assessed and reported on after the end of the Budget year.
Supplementary Estimates of Appropriations for the Government of New Zealand and Supporting Information for the Year Ending 30 June 2014
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 17 December 2013

Budget Policy Statement (BPS) 2014
The Budget Policy Statement sets out the overarching policy goals that will guide the government's Budget decisions and the government's priorities for the forthcoming Budget.

Ministers' Budget-related Information

Material prepared by Ministers' offices to explain some of the key Budget initiatives is available from the Beehive website's Feature: Budget 2014 page.

Budget 2014 Information Release

The Treasury published on 15 May 2014 the first document in the Budget 2014 Information Release of background information relating to Budget 2014 decisions. A larger release of documents is planned for later in June. See Budget 2014 Information Release

Treasury Budget-related Information

Other material published by the Treasury includes:

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