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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Time Series of Fiscal and Economic Indicators

$millions

Revenue and expenses

Surpluses

Cash position

Debt

Net worth

% GDP

Revenue and expenses

Cash position

Debt

Net worth