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Note 6: Transfer Payments and Subsidies

Note 6: Transfer Payments and Subsidies
Forecast
30 June 2012
Actual
Budget 11
$m
Budget 12
$m
30 June
2012
$m
30 June
2011
$m

Social Assistance Grants

 
9,575 9,587 New Zealand superannuation 9,584 8,830
2,178 2,111 Family tax credit 2,082 2,139
1,895 1,818 Domestic purposes benefit 1,811 1,757
1,347 1,326 Invalids benefit 1,325 1,306
1,264 1,203 Accommodation supplement 1,195 1,197
1,029 888 Unemployment benefit 883 943
782 774 Sickness benefit 775 743
567 568 In-work tax credit 567 585
627 649 Student allowances 644 620
587 589 Income related rents 580 553
411 403 Disability allowances 401 409
1,483 1,375 Other social assistance benefits 1,309 1,553
21,745 21,291 Total social assistance grants 21,156 20,635

Subsidies

 
656 708 KiwiSaver subsidies 688 1,042

Other transfer payments

 
525 535 Official development assistance 510 495
22,926 22,534 Total transfer payments and subsidies 22,354 22,172
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