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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2014

Analysis of Expenses by Functional Classification for the year ended 30 June 2014

Total Crown expenses by functional classification
Forecast Actual
Budget
2013
$m
Budget
2014
$m
30 June
2014
$m
30 June
2013
$m
Total Crown expenses  
27,510 27,373 Social security and welfare 27,266 26,268
283 300 GSF pension expenses 295 311
14,433 14,382 Health 14,344 13,856
13,180 13,180 Education 13,064 13,366
4,201 4,351 Core government services 4,104 3,935
3,804 3,811 Law and order 3,730 3,670
1,893 1,818 Defence 1,776 1,766
9,036 9,212 Transport and communications 9,137 9,052
8,098 7,538 Economic and industrial services 7,767 8,375
2,532 2,360 Heritage, culture and recreation 2,372 2,351
1,892 1,759 Primary services 1,703 1,579
1,057 1,109 Housing and community development 1,095 989
473 536 Environmental Protection 538 528
728 607 Other 579 603
4,516 4,461 Finance costs 4,400 4,358
461 77 Forecast new operating spending
(600) (660) Top-down expense adjustment
93,497 92,214 Total Crown expenses (excluding losses) 92,170 91,007

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.

Core Crown expenses by functional classification
Forecast
30 June 2014
Actual
2013
$m
2014
$m
30 June
2014
$m
30 June
2013
$m
Core Crown expenses  
23,595 23,329 Social security and welfare 23,281 22,741
274 282 GSF pension expenses 282 303
14,950 14,889 Health 14,898 14,498
12,389 12,411 Education 12,300 12,504
4,637 4,792 Core government services 4,502 4,269
3,561 3,575 Law and order 3,501 3,456
1,933 1,867 Defence 1,811 1,804
2,162 2,241 Transport and communications 2,237 2,255
2,152 2,100 Economic and industrial services 2,058 1,978
854 838 Heritage, culture and recreation 842 804
818 716 Primary services 676 659
335 377 Housing and community development 347 283
496 534 Environmental Protection 533 530
728 607 Other 579 603
3,622 3,641 Finance costs 3,620 3,619
461 77 Forecast new operating spending
(600) (660) Top-down expense adjustment
72,367 71,616 Total core Crown expenses (excluding losses) 71,467 70,306

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

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