Government Finance Statistics for Central Government (continued)
| 2012 Actual $m |
2013 Forecast $m |
2014 Forecast $m |
2015 Forecast $m |
2016 Forecast $m |
2017 Forecast $m |
|
|---|---|---|---|---|---|---|
| Operating balance per GAAP | (14,897) | 1,918 | 358 | 2,715 | 3,486 | 5,413 |
| Remove gains/losses and net surpluses from associates and joint ventures | 5,657 | (8,203) | (2,391) | (2,640) | (2,689) | (2,795) |
| Operating balance before gains and losses (OBEGAL) | (9,240) | (6,285) | (2,033) | 75 | 797 | 2,618 |
| Remove SOE portion of OBEGAL (incl. eliminations) | 2,110 | 262 | 18 | (131) | (93) | (76) |
| Remove ETS expenses | 334 | 8 | 4 | 4 | 4 | 4 |
| Remove impairments and write-offs on financial assets | 1,814 | 2,505 | 2,482 | 2,471 | 2,356 | 2,403 |
| Remove expenses relating to earthquake provisions | 1,168 | 820 | - | - | - | - |
| Tertiary institutions included on a line-by-line basis | 134 | 132 | 129 | 130 | 131 | 131 |
| Reserve Bank (equity accounted) | (65) | 43 | (54) | (217) | (324) | (429) |
| Other adjustments | (2) | (6) | - | (1) | (3) | (1) |
| Net operating balance per GFS | (3,747) | (2,521) | 546 | 2,331 | 2,868 | 4,650 |
| 2012 Actual $m |
2013 Forecast $m |
2014 Forecast $m |
2015 Forecast $m |
2016 Forecast $m |
2017 Forecast $m |
|
|---|---|---|---|---|---|---|
| Residual cash per GAAP | (10,644) | (7,750) | (6,886) | (3,668) | (1,536) | (553) |
| Back out advances | 1,022 | 358 | 990 | 747 | 998 | 425 |
| Back out investments | 1,150 | (38) | (334) | (281) | 207 | 1,477 |
| Add in cash flows from Crown entities | (412) | 1,419 | (1,206) | (813) | (644) | (16) |
| Remove cash flows from the Reserve Bank | (50) | (50) | 44 | (38) | (31) | (33) |
| Add in NZSF cash flows | 162 | 72 | 52 | 249 | 428 | 433 |
| Other adjustments | 144 | (58) | (58) | (15) | (77) | (78) |
| Cash surplus/(deficit) | (8,628) | (6,047) | (7,398) | (3,819) | (655) | 1,655 |
