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Budget 2011 Home Page Budget Economic and Fiscal Update 2011

Time Series of Fiscal and Economic Indicators

Fiscal Indicators
June years 1999
 Actual
2000
 Actual
2001
 Actual
2002
 Actual
2003
 Actual
2004
 Actual
2005
 Actual
2006
 Actual
2007
 Actual
2008
 Actual
2009
Actual
2010
Actual
2011
Forecast
2012
Forecast
2013
Forecast
2014
Forecast
2015
Forecast

$millions

 

Revenue and expenses

 
Core Crown revenue 32,880 34,946 37,842 39,945 43,440 46,219 51,045 55,735 58,211 61,819 59,482 56,216 56,950 61,061 66,367 71,491 76,413
Core Crown expenses 33,939 34,829 36,559 37,513 39,897 41,882 44,895 49,320 54,003 56,997 64,002 64,013 72,794 73,027 72,550 74,143 77,136

Surpluses

 
Total Crown OBEGAL 128 594 1,422 2,471 4,366 5,573 7,075 7,091 5,860 5,637 (3,893) (6,315) (16,728) (9,741) (4,097) (719) 1,297
Total Crown operating balance 1,705 1,405 1,208 2,286 1,621 7,309 5,931 9,542 8,023 2,384 (10,505) (4,509) (9,437) (7,293) (1,350) 2,292 4,587

Cash position

 
Core Crown residual cash 2,048 (386) 349 216 1,217 520 3,104 2,985 2,877 2,057 (8,639) (9,000) (14,951) (13,482) (8,951) (5,393) (4,051)

Debt

 
Gross debt1 37,307 36,580 37,194 36,650 36,617 36,017 35,478 33,903 30,647 31,390 43,356 53,591 71,578 77,764 79,183 88,705 86,242
Gross debt incl RB settlement cash and bank bills 37,307 36,580 37,194 36,650 36,617 36,017 35,478 35,867 36,805 37,745 50,973 58,891 76,778 82,964 84,383 93,905 91,442
Net core Crown debt (incl NZS Fund)2 25,923 25,895 24,908 24,773 22,647 19,902 13,324 6,302 1,620 (2,676) 5,633 12,549 23,648 35,804 43,126 46,957 49,191
Net core Crown debt2 25,923 25,895 24,908 25,388 24,531 23,858 19,879 16,163 13,380 10,258 17,119 26,738 41,502 54,872 63,619 68,989 72,875

Net worth

 
Total Crown net worth 10,121 12,605 15,450 22,825 28,012 39,595 54,240 83,971 96,827 105,514 99,515 94,988 85,519 78,272 76,939 79,251 83,853
Nominal GDP 106,163 112,588 119,991 127,511 134,664 145,202 154,368 161,894 172,049 183,385 185,331 189,122 199,819 209,178 222,916 234,237 246,098

% GDP

 

Revenue and expenses

 
Core Crown revenue 31.0 31.0 31.5 31.3 32.3 31.8 33.1 34.4 33.8 33.7 32.1 29.7 28.5 29.2 29.8 30.5 31.0
Core Crown expenses 32.0 30.9 30.5 29.4 29.6 28.8 29.1 30.5 31.4 31.1 34.5 33.8 36.4 34.9 32.5 31.7 31.3
Surpluses  
Total Crown OBEGAL 0.1 0.5 1.2 1.9 3.2 3.8 4.6 4.4 3.4 3.1 (2.1) (3.3) (8.4) (4.7) (1.8) (0.3) 0.5
Total Crown operating balance 1.6 1.2 1.0 1.8 1.2 5.0 3.8 5.9 4.7 1.3 (5.7) (2.4) (4.7) (3.5) (0.6) 1.0 1.9

Cash position

 
Core Crown residual cash 1.9 (0.3) 0.3 0.2 0.9 0.4 2.0 1.8 1.7 1.1 (4.7) (4.8) (7.5) (6.4) (4.0) (2.3) (1.6)

Debt

 
Gross debt1 35.1 32.5 31.0 28.7 27.2 24.8 23.0 20.9 17.8 17.1 23.4 28.3 35.8 37.2 35.5 37.9 35.0
Gross debt incl RB settlement cash and bank bills 35.1 32.5 31.0 28.7 27.2 24.8 23.0 22.2 21.4 20.6 27.5 31.1 38.4 39.7 37.9 40.1 37.2
Net core Crown debt (incl NZS Fund)2 24.4 23.0 20.8 19.4 16.8 13.7 8.6 3.9 0.9 (1.5) 3.0 6.6 11.8 17.1 19.3 20.0 20.0
Net core Crown debt2 24.4 23.0 20.8 19.9 18.2 16.4 12.9 10.0 7.8 5.6 9.2 14.1 20.8 26.2 28.5 29.5 29.6

Net worth

 
Total Crown net worth 9.5 11.2 12.9 17.9 20.8 27.3 35.1 51.9 56.3 57.5 53.7 50.2 42.8 37.4 34.5 33.8 34.1

Notes:

1 Excludes Reserve Bank settlement cash and bank bills.

2 Excludes advances.

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