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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2005

Analysis of Expenses of the Statement of Financial Performance (for the year ended 30 June 2005)

Below is an analysis of total Crown expenses and core Crown expenses by functional classification. This information reconciles with the segment information within the Statement of Segments.

Forecast Actual
Original Budget $m Estimated Actual $m 30 June 2005 $m 30 June 2004 $m
Original Budget $m Estimated Actual $m 30 June 2005 $m 30 June 2004 $m
Forecast Actual
Total Crown Expenses
By Functional Classification
17,180 18,560 Social security and welfare 18,522 16,038
985 2,438 GSF pension expenses 2,442 660
8,486 8,550 Health 8,444 7,623
8,706 8,754 Education 8,619 8,349
1,746 2,093 Core government services 2,085 1,670
2,133 2,146 Law and order 2,131 2,022
1,225 1,186 Defence 1,229 1,259
5,560 5,804 Transport and communications 5,948 5,443
4,559 4,581 Economic and industrial services 4,859 4,070
1,128 1,134 Primary services 1,128 1,074
1,667 2,012 Heritage, culture and recreation 2,032 1,609
630 700 Housing and community development 697 615
123 32 Other 31 52
2,436 2,742 Finance costs 2,760 2,602
- (35) Net foreign-exchange (gains)/losses (17) (29)
441 - Forecast for future new spending - -
57,005 60,697 Total Crown Expenses 60,910 53,057
Core Crown Expenses
By Functional Classification
14,787 14,673 Social security and welfare 14,682 14,252
985 2,438 GSF pension expenses 2,442 660
8,827 8,813 Health 8,813 8,111
7,969 8,119 Education 7,930 7,585
1,818 2,213 Core government services 2,217 1,741
1,960 1,977 Law and order 1,977 1,843
1,275 1,236 Defence 1,275 1,311
1,498 1,605 Transport and communications 1,635 1,461
1,392 1,450 Economic and industrial services 1,444 1,192
409 394 Primary services 394 368
723 981 Heritage, culture and recreation 991 634
155 163 Housing and community development 163 139
123 32 Other 32 52
2,112 2,274 Finance costs 2,274 2,252
- (51) Net foreign-exchange (gains)/losses (35) 7
441 - Forecast for future new spending - -
44,474 46,317 Total Core Crown Expenses 46,234 41,608

The accompanying notes and accounting policies are an integral part of these statements.

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