Supplementary estimates of appropriations

Vote Finance - Addition to the Supplementary Estimates 2019/20

Formats and related files

Vote Finance#

APPROPRIATION MINISTER(S): Minister for Climate Change (M12), Minister of Finance (M31), Minister of Housing (M37), Minister for State Owned Enterprises (M65), Minister for Infrastructure (M80), Minister for Greater Christchurch Regeneration (M85), Minister Responsible for the Earthquake Commission (M86), Minister of Urban Development (M96)

APPROPRIATION ADMINISTRATOR: The Treasury

RESPONSIBLE MINISTER FOR THE TREASURY: Minister of Finance

Details of Appropriations and Capital Injections#

Annual Appropriations and Forecast Permanent Appropriations#

Titles and Scopes of Appropriations by Appropriation Type 2019/20
Estimates
Budget
$000
Supplementary
Estimates
Budget
$000
Addition to the
Supplementary
Estimates
Budget
$000
Cumulative
Supplementary
Estimates
Budget
$000
Total
Budget
$000
Departmental Output Expenses          

Administration of Crown Borrowing, Securities, Derivative Transactions and Investment PLA (M31)

This appropriation is limited to expenses incurred in connection with administering borrowing, securities, derivative transactions and investment by the Crown, as authorised by section 65ZH of the Public Finance Act 1989.

10,105 - - - 10,105

Administration of Guarantees and Indemnities given by the Crown PLA (M31)

This appropriation is limited to expenses incurred in connection with administering of guarantees and indemnities given by the Crown, as authorised by section 65ZG of the Public Finance Act 1989.

110 1,000 1,000 2,000 2,110

Design and Establishment of Christchurch Regeneration Acceleration Facility (M85)

This appropriation is limited to the design and establishment of the Christchurch Regeneration Acceleration Facility.

400 494 - 494 894

Design and Establishment of the Green Investment Fund (M12)

This appropriation is limited to the design and establishment of the Green Investment Fund.

2,000 (1,926) - (1,926) 74

Infrastructure Funding and Financing (M96)

This appropriation is limited to provision of advice on, and implementing changes to, Infrastructure Funding and Financing systems and settings.

3,072 (914) - (914) 2,158

Shared Support Services (M31)

This appropriation is limited to provision of support services to other agencies.

10,487 - - - 10,487
Total Departmental Output Expenses 26,174 (1,346) 1,000 (346) 25,828
Departmental Capital Expenditure          

The Treasury - Capital Expenditure PLA (M31)

This appropriation is limited to the purchase or development of assets by and for the use of the Treasury, as authorised by section 24(1) of the Public Finance Act 1989.

5,985 - - - 5,985
Total Departmental Capital Expenditure 5,985 - - - 5,985
Non-Departmental Output Expenses          

Independent Infrastructure Advice and Oversight (M80)

This appropriation is limited to the New Zealand Infrastructure Commission providing services to improve New Zealand's infrastructure outcomes.

9,100 (1,000) - (1,000) 8,100

Inquiries and Research into Productivity-Related Matters (M31)

This appropriation is limited to the undertaking of inquiries into and research on, and promoting public understanding of, productivity-related matters by the New Zealand Productivity Commission in accordance with the New Zealand Productivity Commission Act 2010.

5,030 - - - 5,030

Management of Anchor Projects by Ōtākaro Limited (M85)

This appropriation is limited to the Crown's contribution to Ōtākaro Limited's operating and financing expenses.

21,600 6,583 - 6,583 28,183

Management of the Crown's Obligations for Geothermal Wells (M31)

This appropriation is limited to the management and maintenance relating to geothermal wells and associated sites and structures for which the Crown accepts responsibility.

180 100 - 100 280

Management of the New Zealand Superannuation Fund (M31)

This appropriation is limited to managing the New Zealand Superannuation Fund on behalf of the Crown.

728 - - - 728
Total Non-Departmental Output Expenses 36,638 5,683 - 5,683 42,321
Non-Departmental Borrowing Expenses          

Debt Servicing PLA (M31)

This appropriation is limited to the payment of borrowing expenses for the Crown's New Zealand-dollar and foreign-currency debt, authorised by section 60(1)b of the Public Finance Act 1989.

3,075,926 17,893 - 17,893 3,093,819
Total Non-Departmental Borrowing Expenses 3,075,926 17,893 - 17,893 3,093,819
Non-Departmental Other Expenses          

Ahu Whenua Trust Ex-gratia Payment (M31)

This appropriation is limited to an ex-gratia payment to an Ahu Whenua Trust in settlement of its claims from 21 September 1992 onwards.

- 9,000 - 9,000 9,000

Christchurch Regeneration Acceleration Facility (M85)

This appropriation is limited to grants to the Christchurch City Council for projects approved for funding pursuant to the Christchurch Regeneration Acceleration Facility.

- 300,000 - 300,000 300,000

Crown Residual Liabilities (M31)

Residual obligations arising from administration of the Crown's sale and purchase agreements with SOEs and Crown entities and from the sale of Crown investments, and for the settlement of claims against the Crown arising from exposure to asbestos.

60 167 - 167 227

Geothermal Wells Fund (M31)

This appropriation is limited to meeting the costs of one-off unforeseen events relating to those geothermal wells for which the Crown accepts responsibility.

500 - - - 500

Global Settlement with Christchurch City Council (M85)

This appropriation is limited to expenses incurred by the Crown in implementing the Global Settlement Agreement with the Christchurch City Council and matters consequential on that Agreement.

- 50,164 - 50,164 50,164

Government Superannuation Appeals Board (M31)

This appropriation is limited to the expenses of the Government Superannuation Appeals Board in performing its functions under the Government Superannuation Fund Act 1956.

50 - - - 50

Government Superannuation Fund Authority - Crown's Share of Expenses PLA (M31)

This appropriation is limited to the Crown's share of the expenses of the Government Superannuation Fund Authority relating to the management and administration of the Government Superannuation Fund and the schemes, authorised by sections 15E and 95 of the Government Superannuation Fund Act 1956.

45,000 (3,000) - (3,000) 42,000

Government Superannuation Fund Unfunded Liability PLA (M31)

This appropriation is limited to the net increase (excluding actuarial gains and losses) in the Crown's liability to the Government Superannuation Fund and the specified superannuation contribution withholding tax on employer contributions by the Crown, authorised by section 95AA of the Government Superannuation Fund Act 1956.

444,000 96,617 - 96,617 540,617

Impairment of Investment in Southern Response Earthquake Services Ltd (M31)

This appropriation is limited to the impairment of equity investment in Southern Response Earthquake Services Ltd.

- 121,000 - 121,000 121,000

Meeting Deficiency in Earthquake Commission's Natural Disaster Fund PLA (M31)

This appropriation is limited to expenses incurred in meeting the deficiency in the Earthquake Commission's Natural Disaster Fund, as authorised by section 16 of the Earthquake Commission Act 1993.

174,000 (84,000) - (84,000) 90,000

National Provident Fund - Crown liability for Scheme Deficiency PLA (M31)

This appropriation is limited to the Crown's liability for deficiency in the accounts of National Provident Fund schemes established pursuant to section 38A(6) of the National Provident Fund Act 1950, authorised by section 72 of the National Provident Fund Restructuring Act 1990.

- 40,000 - 40,000 40,000

National Provident Fund Schemes - Liability Under Crown Guarantee PLA (M31)

This appropriation is limited to the net increase (excluding actuarial gains and losses) in the Crown's liability for benefits payable to members of National Provident Fund schemes under the Crown guarantee in section 60 of the National Provident Fund Restructuring Act 1990. This appropriation is authorised by section 66 of the National Provident Fund Restructuring Act 1990.

15,000 - - - 15,000

New Zealand Green Investment Finance Limited - Operating Expenses (M12)

This appropriation is limited to contributing to the operating costs of the New Zealand Green Investment Finance Limited.

- 2,800 - 2,800 2,800

Payments and Expenses in Respect of Guarantees and Indemnities PLA (M31)

This appropriation is limited to any money paid by the Crown under, and any expenses incurred by the Crown in relation to, a guarantee or indemnity given under section 65ZD of the Public Finance Act 1989 as authorised by section 65ZG of that Act.

- 546,000 - 546,000 546,000

Review and Reform of Local Government Infrastructure Arrangements (M31)

This appropriation is limited to the review and reform of disaster funding for local government infrastructure, including contributions to expenses of the Local Government Risk Agency.

100 250 - 250 350

Unclaimed Money PLA (M31)

This appropriation is limited to the repayment of money authorised by section 74(5) of the Public Finance Act 1989.

250 - - - 250

Unclaimed Trust Money PLA (M31)

This appropriation is limited to the repayment of money authorised by section 70(2) of the Public Finance Act 1989.

250 - - - 250

Unwind of Discount Rate Used in the Present Value Calculation - Rehabilitation of Stockton Mine Acid Mine Drainage (M31)

This appropriation is limited to the expense incurred in unwinding the discount rate used in the present value calculation of the Crown's liability under its Deed of Commitment relating to the rehabilitation of Stockton Acid Mine Drainage, as costs are incurred against the liability.

3,000 - - - 3,000

Unwind of Discount Rate Used in the Present Value Calculation of Payment for Shares in International Financial Institutions PLA (M31)

This appropriation is limited to the expense incurred in unwinding the discount rate used in the present value calculation of the liability in respect of share subscriptions in International Financial Institutions as it nears settlement, as authorised by section 5(2) of the International Finance Agreements Act 1961.

300 - - - 300

Unwind of Discount Rate Used in the Present Value Calculation of Payment Under Crown Deed of Support with Southern Response Earthquake Services Ltd (M31)

This appropriation is limited to the expense incurred in unwinding the discount rate used in the present value calculation of the liability as the liability nears settlement.

550 500 - 500 1,050
Total Non-Departmental Other Expenses 683,060 1,079,498 - 1,079,498 1,762,558
Non-Departmental Capital Expenditure          

COVID-19: Capital Injections to Airways New Zealand (M31)

This appropriation is limited to equity injections to Airways New Zealand in response to the impacts of COVID-19.

- 70,000 - 70,000 70,000

NZ Superannuation Fund - Contributions (M31)

This appropriation is limited to capital contributions to the New Zealand Superannuation Fund, for the present and future cost of New Zealand Superannuation.

1,460,000 - - - 1,460,000

Refinancing of Housing New Zealand Corporation and Housing New Zealand Limited Debt (M31)

This appropriation is limited to refinancing existing Housing New Zealand Corporation and Housing New Zealand Limited Debt.

251,246 - - - 251,246

Southern Response Earthquake Services Ltd: Equity Investment (M31)

This appropriation is limited to the investment in Southern Response Earthquake Services Ltd.

- 121,000 - 121,000 121,000
Total Non-Departmental Capital Expenditure 1,711,246 191,000 - 191,000 1,902,246
Multi-Category Expenses and Capital Expenditure          

Crown Company Monitoring Advice MCA (M65)

The single overarching purpose of this appropriation is to provide advice to shareholding or responsible Ministers to improve performance of companies that the Crown has the shareholding in and some Crown entities in order to improve the wellbeing of New Zealanders.

4,869 938 - 938 5,807
Departmental Output Expenses          

Crown Company Monitoring Advice to the Minister for State Owned Enterprises and Other Responsible Ministers

This category is limited to the provision of ownership, performance monitoring and governance advice to the Minister for State Owned Enterprises and other responsible Ministers in respect of the Ministers' shareholding responsibilities or as responsible Ministers for the New Zealand Lotteries Commission and Public Trust.

4,624 1,030 - 1,030 5,654

Crown Company Monitoring Advice to the Minister of Research, Science and Innovation

This category is limited to the provision of ownership, performance monitoring and governance advice to the Minister of Research, Science and Innovation and other responsible Ministers in respect of the Ministers' responsibilities for Crown Research Institutes.

245 (92) - (92) 153

Greater Christchurch Anchor Projects MCA (M85)

The single overarching purpose of this appropriation is to support the recovery of Christchurch by contributing operating and capital funding for anchor projects covered by the Christchurch Central Recovery Plan.

166,100 107,570 - 107,570 273,670
Non-Departmental Other Expenses          

Christchurch Bus Interchange and Associated Transport Infrastructure - Operating

This category is limited to the Crown's contribution to the development, operations and divestment of the Christchurch Bus Interchange and associated transport infrastructure.

5,000 12,347 - 12,347 17,347

Christchurch Convention Centre - Operating

This category is limited to the Crown's contribution to the development, operations and divestment of the Christchurch Convention Centre.

7,900 (971) - (971) 6,929

Christchurch Stadium - Operating

This category is limited to the Crown's contribution to the development, operations and divestment of the Christchurch Stadium.

400 143 - 143 543

Financial Impact of Valuations

This category is limited to expenses incurred as a result of the Crown's decisions affecting valuations.

100 (100) - (100) -

Leasing Anchor Project Land

This category is limited to the financial impact of granting concessionary leases over anchor project land.

100 (100) - (100) -

Metro Sports Facility - Operating

This category is limited to the Crown's contribution to the development, operations and divestment of Metro Sports Facility.

12,000 41,000 - 41,000 53,000

Pre-Development Holding Costs - Operating

This category is limited to the Crown's contribution to the maintenance, operation and ownership of anchor project land and assets prior to commencement of developments.

6,000 (2,597) - (2,597) 3,403

Procurement of Land and Assets - Operating

This category is limited to the Crown's contribution to the purchase, acquisition and clearance of land and assets for anchor project development.

21,500 22 - 22 21,522

Public Space - Operating

This category is limited to the Crown's contribution to the development, operations and divestment of the Crown owned public space.

5,100 8,331 - 8,331 13,431

Sale of Land

This category is limited to the financial impact from the divestment of land and transaction costs incurred in the preparation for sale and the sale of land.

100 (100) - (100) -
Non-Departmental Capital Expenditure          

Christchurch Bus Interchange and Associated Transport Infrastructure - Capital

This category is limited to the Crown's contribution to the capital development of the Christchurch Bus Interchange and associated transport infrastructure and to providing equity or loan capital to Ōtākaro Limited for that purpose.

100 1,885 - 1,885 1,985

Christchurch Convention Centre - Capital

This category is limited to the Crown's contribution to the capital development of the Christchurch Convention Centre and to providing equity or loan capital to Ōtākaro Limited for that purpose.

98,800 24,809 - 24,809 123,609

Land and Asset Acquisition - Capital

This category is limited to the Crown's contribution to the cost of land and assets to be acquired for anchor project development and to providing equity or loan capital to Ōtākaro Limited for that purpose.

1,900 (564) - (564) 1,336

Metro Sports Facility - Capital

This category is limited to the Crown's contribution to the capital development of Metro Sports Facility and to providing equity or loan capital to Ōtākaro Limited for that purpose.

100 26,289 - 26,289 26,389

Public Space - Capital

This category is limited to the capital development of the Crown owned public space and to providing equity or loan capital to Ōtākaro Limited for that purpose.

7,000 (2,824) - (2,824) 4,176

Management of Landcorp Protected Land Agreement MCA (M31)

The single overarching purpose of this appropriation is meeting the Crown's responsibilities under the Landcorp Protected Land Agreement.

3,000 - - - 3,000
Non-Departmental Other Expenses          

Operating Costs

This category is limited to providing operating costs incurred under the Landcorp Protected Land Agreement.

1,500 - - - 1,500
Non-Departmental Capital Expenditure          

Capital Investments

This category is limited to providing for capital investments incurred under the Landcorp Protected Land Agreement.

1,500 - - - 1,500

Management of New Zealand House, London MCA (M31)

The single overarching purpose of this appropriation is to ensure that New Zealand House, London is well managed.

14,850 4,444 - 4,444 19,294
Non-Departmental Output Expenses          

Property Management

This category is limited to the property management services in respect of New Zealand House, London.

1,000 1,000 - 1,000 2,000
Non-Departmental Other Expenses          

Operational Costs

This category is limited to the operational costs of New Zealand House, London.

13,000 2,944 - 2,944 15,944

Renegotiation of Lease Arrangements

This category is limited to activities to re-gear the lease on New Zealand House, London (including The Royal Opera Arcade and Her Majesty's Theatre).

100 500 - 500 600
Non-Departmental Capital Expenditure          

Capital Expenditure

This category is limited to capital expenditure in relation to New Zealand House, London.

750 - - - 750

Management of the Crown's agreement with Taitokerau Forests Limited MCA (M31)

The single overarching purpose of this appropriation is meeting the Crown's responsibilities under its agreement with Taitokerau Forests Limited.

- 1,306 - 1,306 1,306
Non-Departmental Other Expenses          

Grants

This category is limited to grants to Taitokerau Forests Limited for on-payment to forest owners, payable upon harvest of the forests.

- 300 - 300 300

Impairment of Loans

This category is limited to the expense incurred on the impairment and write-down of loans to Taitokerau Forests Limited.

- 1,006 - 1,006 1,006

Social Housing Reform MCA (M37)

The single overarching purpose of this appropriation is to improve the variety of social housing in New Zealand and grow the community housing sector, by making Housing New Zealand Corporation stock available to social housing providers.

2,000 605 - 605 2,605
Departmental Output Expenses          

Implementation of the Social Housing Reform Programme

This category is limited to the policy, operational, and transactional work to implement the Government's reform of social housing.

100 1,285 - 1,285 1,385
Non-Departmental Output Expenses          

Direct Sale Costs for Implementing the Social Housing Reform Programme

This category is limited to direct sales costs of implementing the Government's reform of social housing.

1,900 (680) - (680) 1,220

Tax Working Group MCA (M31)

The single overarching purpose of this appropriation is to enable the Tax Working Group to consider and recommend improvements in the structure, fairness and balance of the tax system.

200 - - - 200
Departmental Output Expenses          

Tax Working Group - Provision of Support and Advice

This category is limited to providing support and advice to the Tax Working Group.

- 50 - 50 50
Non-Departmental Output Expenses          

Tax Working Group - Direct Costs

This category is limited to the direct costs of the Tax Working Group.

200 (50) - (50) 150
Total Multi-Category Expenses and Capital Expenditure 191,019 114,863 - 114,863 305,882
Total Annual Appropriations and Forecast Permanent Appropriations 5,730,048 1,407,591 1,000 1,408,591 7,138,639

Multi-Year Appropriations#

Type, Title, Scope and Period of Appropriations Appropriations, Adjustments and Use $000
Non-Departmental Capital Expenditure    

COVID-19: Capital Injections to New Zealand Post Limited (M31)

This appropriation is limited to equity injections to New Zealand Post Limited in response to the impacts of COVID-19.

Commences: 06 May 2020

Expires: 30 June 2021

Original Appropriation 150,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 150,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 80,000
Estimate for 2020/21 70,000
Estimated Appropriation Remaining -

COVID-19: Loans to Air New Zealand (M31)

This appropriation is limited to loans to Air New Zealand as part of the Government's response to COVID-19.

Commences: 23 March 2020

Expires: 30 June 2021

Original Appropriation 900,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 900,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 300,000
Estimate for 2020/21 600,000
Estimated Appropriation Remaining -

Crown Infrastructure Partners Limited - Equity Injection (M31)

This appropriation is limited to investment in Crown Infrastructure Partners Limited.

Commences: 09 April 2018

Expires: 30 June 2022

Original Appropriation 600,000
Adjustments to 2018/19 (308,000)
Adjustments for 2019/20 -
Adjusted Appropriation 292,000
Actual to 2018/19 Year End 17,000
Estimated Actual for 2019/20 7,000
Estimate for 2020/21 14,452
Estimated Appropriation Remaining 253,548

New Zealand Green Investment Finance Ltd - Equity Injections for Capital Investments (M12)

This appropriation is limited to the provision of equity injections into New Zealand Green Investment Finance Ltd for its capital investments.

Commences: 12 April 2019

Expires: 30 June 2023

Original Appropriation 100,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 100,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 40,000
Estimate for 2020/21 20,000
Estimated Appropriation Remaining 40,000

New Zealand Green Investment Finance Ltd - Equity Injections for Operating Expenditure (M12)

This appropriation is limited to the provision of equity injections into New Zealand Green Investment Finance Ltd for its operating expenditure.

Commences: 12 April 2019

Expires: 30 June 2023

Original Appropriation 30,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 30,000
Actual to 2018/19 Year End 6,000
Estimated Actual for 2019/20 3,000
Estimate for 2020/21 6,000
Estimated Appropriation Remaining 15,000

Participation in Dividend Reinvestment Plans by the Mixed Ownership Model Companies (M31)

This appropriation is limited to the Crown acquiring new shares in Air New Zealand Limited, Genesis Energy Limited, Mercury NZ Limited and Meridian Energy Limited as a result of the Crown's participation in any dividend reinvestment plans carried out by the companies.

Commences: 14 February 2018

Expires: 30 June 2022

Original Appropriation 80,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 80,000
Actual to 2018/19 Year End 30,693
Estimated Actual for 2019/20 19,030
Estimate for 2020/21 20,000
Estimated Appropriation Remaining 10,277

Transfer of Anchor Project Assets to Ōtākaro Limited (M85)

This appropriation is limited to the transfer of Christchurch anchor project assets to Ōtākaro Limited.

Commences: 01 April 2016

Expires: 30 June 2020

Original Appropriation 500,000
Adjustments to 2018/19 -
Adjustments for 2019/20 (50,000)
Adjusted Appropriation 450,000
Actual to 2018/19 Year End 274,456
Estimated Actual for 2019/20 -
Estimate for 2020/21 -
Estimated Appropriation Remaining 175,544

Venture Capital Fund (M31)

This appropriation is limited to the provision of capital to support the development of markets for early stage equity finance and venture capital.

Commences: 01 May 2020

Expires: 30 April 2024

Original Appropriation 259,500
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 259,500
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 39,500
Estimate for 2020/21 80,000
Estimated Appropriation Remaining 140,000

Multi-Year Multi-Category Appropriations#

Title, Overarching Purpose and Period of Appropriations and Type and Scope of Categories Appropriations, Adjustments and Use $000

Policy Advice and Financial Services (M31)

The single overarching purpose of this appropriation is to provide the government with high quality policy and financial advice and to deliver financial services.

Commences: 01 July 2019

Expires: 30 June 2024

Original Appropriation 347,949
Adjustments to 2018/19 -
Adjustments for 2019/20 20,351
Adjusted Appropriation 368,300
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 80,579
Estimate for 2020/21 72,369
Estimated Appropriation Remaining 215,352
Departmental Output Expenses    

Crown Lending and Bank Accounts

This category is limited to the management, administration and monitoring of Crown lending and Crown Bank Accounts.

Original Amount 2,261
Adjustments to 2018/19 -
Adjustments for 2019/20 (1)
Adjusted Amount 2,260
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 462
Estimate for 2020/21 451
Estimated Amount Remaining 1,347

Export Credit

This category is limited to the provision and monitoring of export credit and financial guarantees to support the financing and insurance of New Zealand exports, excluding the cost of claims under a guarantee given under this scheme.

Original Amount 10,454
Adjustments to 2018/19 -
Adjustments for 2019/20 (1)
Adjusted Amount 10,453
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 2,137
Estimate for 2020/21 2,087
Estimated Amount Remaining 6,229

Fiscal Management and Reporting

This category is limited to the preparation of the government's Budget, and of forecast and financial reporting on the government reporting entity.

Original Amount 49,935
Adjustments to 2018/19 -
Adjustments for 2019/20 1,410
Adjusted Amount 51,345
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 11,615
Estimate for 2020/21 9,966
Estimated Amount Remaining 29,764

Investment Management and Asset Performance

This category is limited to services to improve investment performance and asset management in the State sector.

Original Amount 36,183
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Amount 36,183
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 7,396
Estimate for 2020/21 7,222
Estimated Amount Remaining 21,565

Policy Advice

This category is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters relating to Finance.

Original Amount 249,116
Adjustments to 2018/19 -
Adjustments for 2019/20 18,943
Adjusted Amount 268,059
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 58,969
Estimate for 2020/21 52,643
Estimated Amount Remaining 156,447

Earthquake Commission - On-Sold Canterbury Properties (M86)

The single overarching purpose of this appropriation is to provide a timely, fair, and enduring resolution of on-sold over-cap claims resulting from the Canterbury earthquake sequence.

Commences: 01 September 2019

Expires: 30 June 2022

Original Appropriation 300,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 300,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 296,500
Estimate for 2020/21 2,000
Estimated Appropriation Remaining 1,500
Non-Departmental Output Expenses    

Claims Handling and Other Administrative Costs

This category is limited to payment of administrative expenses and other costs arising from the assessment, settlement, and payment of ex-gratia payments made to Canterbury residents as part of the On-Sold Canterbury Properties package.

Original Amount 5,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Amount 5,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 1,500
Estimate for 2020/21 2,000
Estimated Amount Remaining 1,500
Non-Departmental Other Expenses    

Repair of Canterbury Properties

This category is limited to ex-gratia payments made to Canterbury residents to resolve on-sold over-cap claims resulting from the Canterbury earthquake sequence.

Original Amount 295,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Amount 295,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 295,000
Estimate for 2020/21 -
Estimated Amount Remaining -

Total Annual Appropriations and Forecast Permanent Appropriations and Multi-Year Appropriations#

  2019/20
Estimates
Budget
$000
Supplementary
Estimates
Budget
$000
Addition to the
Supplementary
Estimates
Budget
$000
Cumulative
Supplementary
Estimates
Budget
$000
Total
Budget
$000
Total Annual Appropriations and Forecast Permanent Appropriations 5,730,048 1,407,591 1,000 1,408,591 7,138,639
Total Forecast MYA Non-Departmental Capital Expenditure (see Note 1) 348,887 235,187 150,000 385,187 734,074
Total Forecast MYA Multi-Category Expenses and Capital Expenditure 71,013 306,066 - 306,066 377,079
Total Annual Appropriations and Forecast Permanent Appropriations and Multi-Year Appropriations 6,149,948 1,948,844 151,000 2,099,844 8,249,792

Note 1 - The amounts included in the Addition to the Supplementary Estimates figure, Cumulative Supplementary Estimates figure and the Total Budget figure in respect of the new MYA “COVID-19: Capital Injections to New Zealand Post Limited” include the entire appropriated amount (being the amount approved through the Addition to the Supplementary Estimates) rather than reflecting the forecast profile. The forecast profile can be found in the MYA tables above.

Capital Injection Authorisations#

  2019/20
Estimates
Budget
$000
Supplementary
Estimates
Budget
$000
Addition to the
Supplementary
Estimates
Budget
$000
Cumulative
Supplementary
Estimates
Budget
$000
Total
Budget
$000
The Treasury - Capital Injection (M31) - 872 - 872 872

Supporting Information#

Part 1 - Vote as a Whole#

1.2 - Trends in the Vote

Summary of Financial Activity
  2019/20
Estimates
$000
Cumulative Supplementary Estimates Total
$000
Departmental
Transactions
$000
Non-Departmental
Transactions
$000
Total
Transactions
$000
Appropriations          
Output Expenses 62,812 (346) 5,683 5,337 68,149
Benefits or Related Expenses - N/A - - -
Borrowing Expenses 3,075,926 - 17,893 17,893 3,093,819
Other Expenses 683,060 - 1,079,498 1,079,498 1,762,558
Capital Expenditure 2,066,118 - 576,187 576,187 2,642,305
Intelligence and Security Department Expenses and Capital Expenditure - - N/A - -
Multi-Category Expenses and Capital Expenditure (MCA)          
   Output Expenses 79,082 11,839 1,770 13,609 92,691
   Other Expenses 72,800 - 357,725 357,725 430,525
   Capital Expenditure 110,150 N/A 49,595 49,595 159,745
Total Appropriations 6,149,948 11,493 2,088,351 2,099,844 8,249,792
Crown Revenue and Capital Receipts          
Tax Revenue - N/A - - -
Non-Tax Revenue 3,198,356 N/A 93,780 93,780 3,292,136
Capital Receipts 344,900 N/A (20,510) (20,510) 324,390
Total Crown Revenue and Capital Receipts 3,543,256 N/A 73,270 73,270 3,616,526

Part 2 - Details of Departmental Appropriations#

2.1 - Departmental Output Expenses

Administration of Guarantees and Indemnities given by the Crown PLA (M31)
Scope of Appropriation
This appropriation is limited to expenses incurred in connection with administering of guarantees and indemnities given by the Crown, as authorised by section 65ZG of the Public Finance Act 1989.
Expenses and Revenue
  2019/20
Estimates
$000
Supplementary
Estimates
$000
Addition to the
Supplementary
Estimates
$000
Total
$000
Total Appropriation 110 1,000 1,000 2,110
Revenue from the Crown 109 1,000 1,000 2,109
Revenue from Others 1 -   1
Reasons for Change in Appropriation

This appropriation increased by a further $1 million to $2.110 million for 2019/20 due to additional costs related to implementing and managing the Business Finance Guarantee Scheme.

Part 3 - Details of Non-Departmental Appropriations#

3.5 - Non-Departmental Capital Expenditure

 
Type, Title, Scope and Period of Appropriations Appropriations, Adjustments and Use $000

COVID-19: Capital Injections to New Zealand Post Limited (M31)

This appropriation is limited to equity injections to New Zealand Post Limited in response to the impacts of COVID-19.

Commences: 06 May 2020

Expires: 30 June 2021

Original Appropriation 150,000
Adjustments to 2018/19 -
Adjustments for 2019/20 -
Adjusted Appropriation 150,000
Actual to 2018/19 Year End -
Estimated Actual for 2019/20 80,000
Estimate for 2020/21 70,000
Estimated Appropriation Remaining -
What is Intended to be Achieved with this Appropriation

This appropriation is intended to fund the Crown's contribution to New Zealand Post Limited in response to the impacts of COVID-19.

How Performance will be Assessed and End of Year Reporting Requirements
Assessment of Performance 2019/20
Estimates
Standard
Cumulative
Supplementary
Estimates
Standard
Total
Standard
Payments are made in accordance with the terms and conditions of the relevant agreements. New Measure
for 2019/20
Achieved Not Achieved
End of Year Performance Reporting

Performance information for this appropriation will be reported by the Minister of Finance in a report appended to the Treasury's Annual Report.

Reasons for Change in Appropriation

This is a new appropriation for 2019/20.