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Time Series of Fiscal and Economic Indicators

Fiscal Indicators

June Years 2003
 Actual
2004
 Actual
2005
 Actual
2006
 Actual
2007
 Actual
2008
 Actual
2009
Actual
2010
Actual
2011
Actual
2012
Actual
2013
Actual
2014
Forecast
2015
Forecast
2016
Forecast
2017
Forecast
2018
Forecast

$ millions

   

Revenue and Expenses

   
Core Crown revenue 43,440 46,219 51,045 55,735 58,211 61,819 59,482 56,216 57,550 60,565 64,149 68,493 72,297 76,748 80,913 84,865
Core Crown expenses 39,897 41,882 44,895 49,320 54,003 56,997 64,002 64,013 70,450 69,076 70,306 72,181 73,197 75,486 77,818 79,004

Surpluses

   
Total Crown OBEGAL 4,366 5,573 7,075 7,091 5,860 5,637 (3,893) (6,315) (18,396) (9,240) (4,414) (2,320) 86 1,674 3,104 5,623
Total Crown operating balance 1,621 7,309 5,931 9,542 8,023 2,384 (10,505) (4,509) (13,360) (14,897) 6,925 1,639 3,080 4,774 6,330 8,950

Cash Position

   
Core Crown residual cash 1,217 520 3,104 2,985 2,877 2,057 (8,639) (9,000) (13,343) (10,644) (5,742) (4,076) (3,472) (1,176) 1,218 3,131

Debt

   
Gross debt1 36,617 36,017 35,478 33,903 30,647 31,390 43,356 53,591 72,420 79,635 77,984 81,628 79,624 84,122 89,955 84,142
Gross debt incl RB settlement cash and bank bills 36,617 36,017 35,478 35,867 36,805 37,745 50,973 58,891 77,290 84,168 84,286 87,122 85,118 89,616 95,449 89,636
Net core Crown debt (incl NZS Fund)2 22,647 19,902 13,324 6,302 1,620 (2,676) 5,633 12,549 23,969 33,475 34,428 37,247 38,984 38,364 35,145 29,929
Net core Crown debt2 24,531 23,858 19,879 16,163 13,380 10,258 17,119 26,738 40,128 50,671 55,835 59,983 63,304 64,548 63,410 60,386

Net Worth

   
Total Crown net worth 28,012 39,595 54,240 83,971 96,827 105,514 99,515 94,988 80,887 59,780 70,011 74,895 78,009 82,847 89,236 98,235
Total net worth attributable to the Crown 27,918 39,456 54,025 83,678 96,531 105,132 99,068 94,586 80,579 59,348 68,071 69,165 72,242 77,040 83,401 92,377
Nominal GDP 135,710 146,348 155,361 163,224 173,214 185,672 185,479 191,778 200,246 208,404 212,721 227,793 239,172 250,494 260,334 270,295

% GDP

         

Revenue and Expenses

   
Core Crown revenue 32.0 31.6 32.9 34.1 33.6 33.3 32.1 29.3 28.7 29.1 30.2 30.1 30.2 30.6 31.1 31.4
Core Crown expenses 29.4 28.6 28.9 30.2 31.2 30.7 34.5 33.4 35.2 33.1 33.1 31.7 30.6 30.1 29.9 29.2

Surpluses

   
Total Crown OBEGAL 3.2 3.8 4.6 4.3 3.4 3.0 (2.1) (3.3) (9.2) (4.4) (2.1) (1.0) 0.0 0.7 1.2 2.1
Total Crown operating balance 1.2 5.0 3.8 5.8 4.6 1.3 (5.7) (2.4) (6.7) (7.1) 3.3 0.7 1.3 1.9 2.4 3.3

Cash Position

   
Core Crown residual cash 0.9 0.4 2.0 1.8 1.7 1.1 (4.7) (4.7) (6.7) (5.1) (2.7) (1.8) (1.5) (0.5) 0.5 1.2

Debt

   
Gross debt1 27.0 24.6 22.8 20.8 17.7 16.9 23.4 27.9 36.2 38.2 36.7 35.8 33.3 33.6 34.6 31.1
Gross debt incl RB settlement cash and bank bills 27.0 24.6 22.8 22.0 21.2 20.3 27.5 30.7 38.6 40.4 39.6 38.2 35.6 35.8 36.7 33.2
Net core Crown debt (incl NZS Fund)2 16.7 13.6 8.6 3.9 0.9 (1.4) 3.0 6.5 12.0 16.1 16.2 16.4 16.3 15.3 13.5 11.1
Net core Crown debt2 18.1 16.3 12.8 9.9 7.7 5.5 9.2 13.9 20.0 24.3 26.2 26.3 26.5 25.8 24.4 22.3

Net Worth

   
Total Crown net worth 20.6 27.1 34.9 51.4 55.9 56.8 53.7 49.5 40.4 28.7 32.9 32.9 32.6 33.1 34.3 36.3
Total net worth attributable to the Crown 20.6 27.0 34.8 51.3 55.7 56.6 53.4 49.3 40.2 28.5 32.0 30.4 30.2 30.8 32.0 34.2
  1. Excludes Reserve Bank settlement cash and bank bills
  2. Excludes advances
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