Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Budget 2014: Key facts, Budget Summary Documents

See also: Budget 2014: At a Glance

--

Executive Summary
Managing a Growing Economy
Hon Bill English, Minister of Finance
15 May 2014

The Executive Summary is the overview of all the Budget information and contains the main points for the media and public. This summarises the Government's spending decisions and key issues raised in the Budget Speech, the Fiscal Strategy Report, and the Budget Economic and Fiscal Update.

b14execsumm.pdf

--

Key Facts for Taxpayers - Contents
The Key Facts for Taxpayers is a summary of tax, expenditure and income data from the Budget Economic and Fiscal Update (BEFU) 2014.
Contents
• New Zealand's GDP growth robust globally
• Momentum in wage growth to continue
• Net core Crown debt reducing
• Operating balance returns to surplus
• Budget 2014 allocation of the Future Investment Fund
• Allocation from the Fund
• Support package for families
• Boosting economic performance
• Who pays income tax... and how much
• Personal income tax
• Company tax rate
• GST
• Where core Crown expenses go
• Where core Crown revenue comes from
• How the following factors affect tax revenue
• What is the full-year cost of..
• Spending restraint will lead to growing surpluses
b14taxpayers.pdf

--

Summary Tables for the Estimates of Appropriations 2014/15
The Summary Tables provide a high-level perspective and comparative 'ready reference' for all appropriations (annual, permanent and multi-year (MYAs)) in the Estimates of Appropriations 2014/15.
The Summary Tables cover:
• the trends for all Votes - showing actual or estimated actual totals for the five years to 2013/14, Budget totals proposed for 2014/15 and estimated totals for the three financial years to 2017/18 with respect to each type of appropriation and of Crown revenue and capital receipts
• each appropriation type and total appropriations - showing budgeted and estimated actual totals for 2013/14 and totals proposed for 2014/15 for each Vote
• current-year revenue-dependent appropriations for each Vote
• multi-year appropriations by Vote, appropriation type and period
• capital injection authorisations for 2014/15, and
• types of Crown revenue and Crown capital receipts for 2013/14 and 2014/15 associated with each Vote.
For inclusion in the Summary Tables, MYAs are converted into actual or forecast amounts for each financial year.
b14sumtabestimates.pdf

--

Summary Tables for the Supplementary Estimates of Appropriations 2013/14
The Summary Tables provide a high-level perspective and comparative 'ready reference' for all appropriations (annual, permanent and multi-year) in the Supplementary Estimates of Appropriations 2013/14.
The Summary tables cover:
• aggregates for all Votes - showing totals for the Estimates and Supplementary Estimates for 2013/14 with respect to each type of appropriation and of Crown revenue and capital receipts
• each appropriation type and total appropriations for each Vote - showing totals of the Estimates and Supplementary Estimates for 2013/14
• current-year revenue-dependent appropriations
• multi-year appropriations by Vote, appropriation type and period
• Crown revenue and Crown capital receipts for 2013/14 associated with each Vote, and
• net assets of each department - showing the projected closing balance for 2013/14.
For inclusion in the Summary Tables, MYAs are converted into actual or forecast amounts for each financial year.
b14sumtabsuppestimates.pdf

--

2014 Tax Expenditure Statement
The purpose of this statement is to provide additional transparency around policy motivated 'expenditures' made through the tax system. Tax expenditures take the form of an exemption, allowance, preferential tax rate, deferral or offset that reduce a tax obligation to achieve a specific policy objective.
Contents
• Introduction
• Changes from Previous Statements
• What Is a Tax Expenditure?
• Current Tax Expenditures
• Tax Expenditures Categorisation
b14taxexpstmt.pdf

--

Budget 2014 Data from the Estimates of Appropriations 2014/15
The Budget Data consists of two Excel workbooks, containing data as published in the Estimates of Appropriations 2014/15:
• appropriation expenditure,
• Crown revenue and capital receipts.
Appropriation Expenditure and Revenue
The data in the workbooks for appropriations and Crown revenue is broken down by department, vote and appropriation/revenue type for 2014/15. We have also provided Actuals data covering the fiscal years ending 30 June 2010, 2011, 2012 and 2013; and Estimated Actuals data for 2014.
The Data
Raw data has been placed in the Excel workbooks to allow anyone to filter, sort and manipulate the data for their own purposes. Some examples in the form of pivot tables and charts are also provided.
Information relating to the use of these Excel workbooks is contained within the workbooks on a sheet titled "Explanation". More assistance on the use of pivot tables and charts can be obtained from the Excel help system.
This data is available in Excel format only.
Links to Excel Tables
• Expenditure Data - Estimates of Appropriations 2014/15 [EXCEL 4.4MB] b14expendituredata.xls
• Revenue Data - Estimates of Appropriations 2014/15 [EXCEL 348KB] b14revenuedata.xls
Disclaimer
These workbooks support, but do not form part of, the official Budget documents. The printed copies of the Estimates and Supplementary Estimates, as tabled by the Minister of Finance on each Budget day, are the official sources for data contained in these workbooks.
The Treasury has generated these workbooks as a resource for interested persons and has taken all care to ensure the data are correct, but does not take responsibility for any errors or conclusions drawn from this data.
The Treasury does not provide technical support on the use of Excel workbooks.
Notes
These workbooks are based on the data contained in the Crown's Financial and Information System, which was used to collect and compile the raw data for the 2014/15 Estimates. They do not include data from the 2013/14 Supplementary Estimates.
Data relating to the 2014/15 fiscal year should match the 2014/15 Estimates exactly.
All data prior to the 2014/15 budget data (e.g. Actuals, Estimated Actual) is as reported in that year to the Crown's Financial and Information System by the agency. This raw data has not been restated for subsequent restructuring as reported in Part 1.2 of the Estimates (ref. s.15(2) of the PFA). Where restructuring has occurred, the sum of the detail in this workbook for data prior to the 2014/15 year will not equal the appropriation totals as reported in Part 1.2.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

  • Week in Parliament 22-05-15
  • Saturday Sitting
  • House Rises At Midnight
  • Telco Levy Bill Passes
  • Telco Levy Bill Completes First Reading
  • Social Housing Bill Passes Under Urgency

  • TPPA: University Of Auckland Warns Of Negative TPP Impact

    The University of Auckland May 20, 2015 University of Auckland Warns of Negative TPP Impact With the Trans Pacific Partnership (TPP) negotiation drawing to a close, the University of Auckland has expressed serious concerns about its potential implications. ... More>>

    NZ Flag: Flag Referendum Gets Hit Hard In New Poll

    The latest Campbell Live text poll confirms it is time for the Prime Minister to listen to the public and shelve his flag referendum, says the New Zealand First Leader Rt Hon Winston Peters. More>>

    Gordon Campbell: The Government’s Belated Moves On Property Speculation

    Is it a property tax on capital gains or a capital gains tax on property? The Jesuitical distinctions in the government’s spin about its latest moves on property speculators are all about whether the government can claim that it jumped, or confess that it ... More>>

    Grant Robertson:
    Key Can’t Just Be Prime Minister For Parnell

    John Key must show New Zealanders in next week’s Budget that he is more than the Prime Minister for Parnell, and is also the Prime Minister for Pine Hill, Putararu and Palmerston North, Labour’s Finance spokesperson Grant Robertson says. In a ... More>>

    Labour Party: More Regional Jobs Go In Corrections Reshape

    News that 194 Corrections staff are to lose their jobs will have ramifications not only for them and their families but for the wider community, Labour’s Corrections spokesperson Kelvin Davis says. Prison units at Waikeria, Tongariro and Rimutaka ... More>>

    ALSO:

  • NZ First - Prison Job Losses to Send Money Offshore
  • TPPA: ‘Team Obama’ Regroups On Fast Track, Still Not Deliverable

    ‘After yesterday’s stinging and unexpected defeat for the Obama administration’s attempt to advance Fast Track legislation in the US Senate, Senate leaders have worked up a compromise they think will get them past this blockage’, according to Auckland ... More>>

    NZ Government: 5,500 More Doctors And Nurses In Our Hospitals

    Health Minister Jonathan Coleman says a record number of doctors and nurses are working in District Health Boards across the country. More>>

    Controller and Auditor General: Katherine Rich Conflict of Interest Decision

    We are writing to you about a matter that has been raised with us by members of the public. More>>

    ALSO:


    Budget 2015: Andrew Little On The 2015 Budget

    Speaking to the Chamber of Commerce, the Labour opposition leader attacked the government’s approach to economic issues facing New Zealand. He said they have been “more than reckless in their complacency” and “the next week’s budget will do nothing ... More>>

    Defence Force: NZDF Building Partner Capacity Mission Personnel In Iraq

    NZDF Building Partner Capacity Mission Personnel in Iraq The New Zealand Defence Force Building Partner Capacity training mission contingent is in place at Taji Military Complex in Iraq. The Chief of Defence Force Lieutenant General Tim Keating says the ... More>>

    PM Press Conference: ACC Levy Cuts Announced

    In a press conference this afternoon in Wellington, ACC Minister Nikki Kaye proposed $500 million worth of ACC levy cuts. More>>

    Quakes: New Process For Red Zone Crown Offers

    Canterbury Earthquake Recovery Minister Gerry Brownlee has announced a process to give everyone a say on the Crown offers to owners of vacant, commercial/industrial and uninsured properties in the Residential Red Zone. More>>

    ALSO:

    Gordon Campbell: On The Battle Obama Is Waging Over The TPP

    For the past two and a half years, this column has been arguing that the fate of the Trans Pacific Partnership (TPP) deal will hinge on whether US President Barack Obama can win Trade Promotion Authority (TPA) from Congress... Last week, the White House finally, finally unveiled a draft TPA Bill. More>>

    ALSO:


    Gordon Campbell: On lessons for Labour from the UK election
    If the polls were right – and the pollsters kept telling us how accurate they’d been in 2010, and even Nate Silver was getting the same results – there seemed no way that the British Labour Party could lose last Thursday’s British election. With Labour predicted to win around 270 seats and the Scottish National Party batting around 55-60 seats, Labour seemed to be home free. But…as we now know, things didn’t turn out that way. Labour ended up with 232 seats and the Conservatives swept back to power with an outright majority, after winning only a little more than a third ( 36.9%) of the votes cast.MORE >>
    Also.

  • NZ PM John Key - PM congratulates David Cameron after UK election
  • The Nation IV Transcript - Hack Attack author Nick Davies
  • Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
    More RSS  RSS
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news