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Annual Report of the Treasury for the Year Ended 30 June 2010

Permanent Legislative Authorities

Appropriations for the New Zealand Debt Management Office

In 2008/09 NZDMO received funding through a single Permanent Legislative Authority (PLA) for Debt and Related Financial Asset Management. In 2009/10 this funding was split across four separate appropriations: Management of Crown Lending and Crown Bank Accounts (see pages 34 and 35) and three PLAs:

  • Administration of Crown Borrowing PLA
  • Administration of Derivative Transactions PLA, and
  • Administration of Investment of Public Money PLA.

Information is provided for each appropriation individually later in this section.

Cost - Debt Management Office - PLA
Administration of Crown Borrowing, Derivative Transactions
and Investment of Public Money
Debt and Related Financial Asset Management
  2009/10
Actual
$000
Supp. Estimates
- Voted
$000
Main Estimates
$000
2008/09
Actual
$000
Expenses 6,783 7,322 8,149 8,714
Funded by:        
Revenue Crown 6,652 7,197 7,997 8,545
Other Revenue 131 125 152 169
In 2009/10, the Debt and Related Financial Asset Management output class was split across three PLA appropriations (as above), and one annual output class. The annual output class for Management of Crown Lending and Crown Bank Accounts now forms part of the Macroeconomic Policy Advice and Management MCOA (refer to page 26).
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