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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2012

Analysis of Expenses by Functional Classification
for the year ended 30 June 2012

Analysis of Expenses by Functional Classification
Forecast
30 June 2012 		Actual
Budget 11
$m 		Budget 12
$m 		30 June
2012
$m 		30 June
2011
$m
Total Crown expenses
26,353 25,772 Social security and welfare 25,457 25,324
311 200 GSF pension expenses 197 311
13,787 13,471 Health 13,650 13,068
13,005 12,690 Education 12,407 12,406
5,440 4,791 Core government services 5,305 5,515
3,745 3,679 Law and order 3,592 3,567
1,872 1,776 Defence 1,693 1,778
8,584 8,829 Transport and communications 10,259 8,402
7,758 9,560 Economic and industrial services 10,018 18,818
3,327 3,421 Heritage, culture and recreation 3,215 3,437
1,700 1,650 Primary services 1,588 1,603
1,119 878 Housing and community development1 627 1,655
635 489 Other 425 479
4,685 4,173 Finance costs 4,290 3,596
463 87 Forecast new operating spending -  - 
(310) (450) Top-down expense adjustment -  - 
92,474 91,016 Total Crown expenses (excluding losses) 92,723 99,959

Below is an analysis of core Crown expenses by functional classification. Core Crown expenses include expenses incurred by Ministers, Departments, Offices of Parliament, the NZS Fund and the Reserve Bank, but not Crown entities and State-owned enterprises.

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Analysis of core Crown expenses by functional classification
Forecast
30 June 2012 		Actual
Budget 11
$m 		Budget 12
$m 		30 June
2012
$m 		30 June
2011
$m
Core Crown expenses  
22,935 22,236 Social security and welfare 22,028 22,005
302 190 GSF pension expenses 192 305
14,353 14,130 Health 14,160 13,753
12,257 11,883 Education 11,654 11,650
5,564 4,943 Core government services 5,428 5,563
3,555 3,494 Law and order 3,403 3,382
1,911 1,818 Defence 1,736 1,809
2,378 2,366 Transport and communications 2,232 2,281
2,235 2,099 Economic and industrial services 2,157 2,609
1,947 2,015 Heritage, culture and recreation 1,632 1,966
755 677 Primary services 648 706
333 103 Housing and community development1 (130) 876
635 489 Other 425 479
3,714 3,553 Finance costs 3,511 3,066
463 87 Forecast new operating spending -  - 
(310) (450) Top-down expense adjustment -  - 
73,027 69,633 Total core Crown expenses (excluding losses) 69,076 70,450

1. Housing and community development expenses for the year ended 30 June 2012 include a reversal of $408 million in relation to the weathertight services financial assistance package (refer note 27).

The accompanying notes (including accounting policies) are an integral part of these statements.

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