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NOTE 3: Transfer Payments and Subsidies

2015
Actual
$m
2016
Previous
Budget
$m
2016
Forecast
$m
2017
Forecast
$m
2018
Forecast
$m
2019
Forecast
$m
2020
Forecast
$m
New Zealand superannuation 11,591 12,256 12,223 12,860 13,522 14,234 15,072
Jobseeker support and emergency benefit 1,684 1,616 1,676 1,718 1,678 1,597 1,591
Supported living payment 1,515 1,519 1,526 1,538 1,545 1,570 1,602
Sole parent support 1,186 1,187 1,157 1,254 1,253 1,242 1,250
Family tax credit 1,854 1,837 1,834 1,851 1,948 1,991 2,100
Other working for families tax credits 549 577 567 645 638 629 628
Accommodation assistance 1,129 1,137 1,154 1,199 1,222 1,206 1,209
Income related rents 703 774 778 818 872 927 1,025
Disability assistance 377 379 378 380 383 383 387
Student allowances 511 529 509 545 561 560 567
Other social assistance benefits 1,255 1,409 1,415 1,437 1,449 1,460 1,481
Total social assistance grants 22,354 23,220 23,217 24,245 25,071 25,799 26,912

Subsidies

KiwiSaver 856 720 709 749 783 818 855

Other transfer payments

Official development assistance 513 542 559 572 586 586 586
Total transfer payments and subsidies 23,723 24,482 24,485 25,566 26,440 27,203 28,353
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