The Treasury

Global Navigation

Personal tools

Treasury
Publication

Pre-election Economic and Fiscal Update 2017

NOTE 24: Net Canterbury earthquake expenses (operating and capital)

These net earthquake costs are the latest estimates of the net impact on the Crown of the Canterbury earthquakes. These estimates reflect the known costs under current policy settings. They do not include future decisions the Government may take regarding the rebuild.

The forecasts assume that any additional costs to the Crown will be met within budget allowances.

2011-16
Actual
$m
2017
Forecast
$m
2018
Forecast
$m
2019
Forecast
$m
2020
Forecast
$m
2021
Forecast
$m
Outside
forecast
period
$m
Total
Pre-election
Update
$m
Total
Budget
Update
$m

Expenses by source

Core Crown recovery costs 6,867 1,474 900 439 233 164 77 10,154 10,127
SOEs and CEs recovery costs 7,433 72 60 190 132 46 32 7,965 7,679
Total Crown earthquake expenses 14,300 1,546 960 629 365 210 109 18,118 17,806

Operating and Capital expenses

Operating expenditure (OBEGAL) 12,084 684 181 133 79 91 3 13,254 13,195
Capital expenditure 2,216 862 779 496 287 119 106 4,865 4,611
Total Crown earthquake expenses 14,300 1,546 960 629 365 210 109 18,118 17,806
Total Cash payments1 11,570 2,431 2,280 672 346 240 109 17,648 17,335

Notes:

  1. Some expenses are non-cash (eg, asset write-offs and impairments) and therefore do not have a cash element to them.
Page top