The Treasury | Kaitohutohu Kaupapa Rawa

Global Navigation

Personal tools

You are here: Home > Budgets > Forecasts (Economic and Fiscal Updates) > Budget Economic and Fiscal Update 2011

Government
Publication

Budget Economic and Fiscal Update 2011
- 5 Forecast Financial Statements
  - Notes to the Forecast Financial Statements
    - NOTE 2: Interest revenue and dividends

Previous | Contents | Next

befu11-pt6of8.pdf (227 KB) | Using PDF Files Previous | Contents | Next

Show: Page at Full Width - No Right Column

Show: Page with Right Column

Notes to the Financial Statements (continued)

NOTE 2: Interest revenue and dividends
	2010 Actual $m	2011 Previous Budget $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m	2015 Forecast $m
By type
Interest revenue	1,926	3,482	2,265	2,569	2,880	3,039	3,385
Dividends	389	581	353	482	510	615	701
Total interest revenue and dividends	2,315	4,063	2,618	3,051	3,390	3,654	4,086
By source
Core Crown	2,135	2,487	2,185	2,134	2,552	2,773	3,103
Crown entities	1,146	939	1,106	768	944	1,104	1,281
State-owned enterprises	626	1,550	763	1,021	1,041	1,045	1,057
Inter-segment eliminations	(1,592)	(913)	(1,436)	(872)	(1,147)	(1,268)	(1,355)
Total interest revenue and dividends	2,315	4,063	2,618	3,051	3,390	3,654	4,086

NOTE 3: Transfer payments and subsidies
	2010 Actual $m	2011 Previous Budget $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m	2015 Forecast $m
New Zealand Superannuation	8,290	8,822	8,833	9,575	10,214	10,887	11,666
Domestic Purposes benefit	1,693	1,756	1,765	1,895	1,950	1,997	2,062
Unemployment benefit	930	969	959	1,029	1,007	900	862
Invalid's benefit	1,303	1,319	1,307	1,347	1,382	1,414	1,452
Family tax credit	2,168	2,239	2,214	2,178	2,149	2,101	2,097
Accommodation supplement	1,154	1,221	1,202	1,264	1,295	1,306	1,335
Sickness benefit	710	760	742	782	807	832	860
Student allowances	570	656	626	627	570	525	507
Disability allowances	411	421	410	411	406	415	425
Other social assistance benefits	2,525	2,801	2,750	2,637	2,639	2,642	2,659
Total social assistance grants	19,754	20,964	20,808	21,745	22,419	23,019	23,925
Subsidies
KiwiSaver subsidies	1,024	1,179	1,039	656	614	596	631
Other transfer payments
Official development assistance	435	485	493	525	509	534	559
Total transfer payments and subsidies	21,213	22,628	22,340	22,926	23,542	24,149	25,115

NOTE 4: Personnel expenses
	2010 Actual $m	2011 Previous Budget $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m	2015 Forecast $m
Core Crown	5,991	6,076	5,905	6,021	5,969	6,010	6,078
Crown entities	10,043	10,516	10,309	10,440	10,685	10,659	10,813
State-owned enterprises	2,455	2,526	2,654	2,697	2,754	2,812	2,866
Inter-segment eliminations	(12)	(9)	(9)	(9)	(9)	(9)	(10)
Total personnel expenses	18,477	19,109	18,859	19,149	19,399	19,472	19,747

NOTE 5: Depreciation, amortisation and other operating expenses
	2010 Actual $m	2011 Previous Budget $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m	2015 Forecast $m
Core Crown	34,226	38,677	41,663	40,197	37,681	37,473	37,689
Crown entities	18,392	17,903	18,064	18,390	18,166	18,175	18,252
State-owned enterprises	9,494	10,237	9,826	10,560	11,185	11,683	11,997
Inter-segment eliminations	(26,545)	(26,462)	(26,630)	(26,724)	(26,650)	(26,466)	(26,687)
Total depreciation, amortisation and other operating expenses	35,567	40,355	42,923	42,423	40,382	40,865	41,251

Page top