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Budget 2005 Home Page Half-Year Economic & Fiscal Update 2005

Unquantified Risks

The risks outlined in these tables would, if they eventuated, impact on the Government’s forecast new operating and/or capital spending amounts.

Unquantified Risks as at 7 December 2005 Operating Balance Gross Debt Funding received in or since Budget 2005
($million)
New Risks    
Conservation – Foreshore and Seabed CompensationDecrease--
Conservation – Lease of Taupo Property Rights from TuwharetoaDecrease--
Education – Tertiary Student Support ChangesDecreaseUnclear-
Environment – Review of Climate Change PoliciesUnclear--
Health – New Zealand’s Preparedness for a Possible PandemicDecrease-13 across the forecast period
Immigration – New Immigration Service Delivery StrategyUnclear--
Labour – Department of Labour Strategic Baseline ReviewUnclearUnclear-
Police – Increases to Police StaffDecreaseIncrease-
Revenue – Family Assistance Indexation and Review of RatesDecrease--
Revenue – Rebuild of the Student Loan IT SystemDecreaseIncrease-
Revenue – Taxation of Racing IndustryUnclear--
Social Development – New Zealand Superannuation – International Mobility IssuesUnclear--
Social Development – New Zealand Superannuation – Rate AdjustmentDecrease--
Changed Risks    
Child, Youth and Family Services – Reviewing Levels of Funding and Service DeliveryUnclearUnclear-
Health – District Health Board deficitsDecreaseIncrease-
Transport – Regional Transport Initiatives-Increase150 over 10 years
Unchanged Risks    
Child, Youth and Family Services – Collective Employment Contract NegotiationsDecrease--
Education – Schools ICT Network Infrastructure UpgradeDecreaseIncrease-
Education – Wananga Capital Injection-Increase-
Finance – Crown Overseas Properties-Increase-
Finance – National Rail Access AgreementUnclearUnclear-
Finance – SOE Long-term Hold Reviews-Decrease-
Fisheries – Māori Interest in Marine FarmingDecrease--
Foreign Affairs and Trade – Official Development AssistanceDecrease--
Housing – State Housing Project at Hobsonville-Increase54 in 2005/06
Housing – Weathertight HomesDecrease--
Revenue – Review of Superannuation Contribution Withholding TaxUnclear--
Revenue – Tax and DepreciationDecrease--
Revenue – Taxation of Partnerships ReviewUnclear--
Social Development – Early InterventionDecrease-38
Social Development – Extending Opportunities to WorkUnclear--
State Services Commission – State Sector Retirement Savings SchemeDecrease--
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