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For the year ended 30 June 2021.

1 The revised budget figures for 2020-21 are those included in the Addition to the Supplementary Estimates of Appropriations for the Government of New Zealand for the year ending 30 June 2021, including updates made for late-breaking Government decisions, particularly in relation to COVID-19 pandemic relief measures.

2 The research and development tax incentive has been reclassified from Benefits and other requited expenses to Other expenses from May 2021.

3 The COVID-19 Resurgence Support Payment is a new appropriation commencing 22 February 2021.

4 Impairment of debt and debt write-offs relates to general tax, Working for Families Tax Credits and KiwiSaver debt.

5 The Small Business Cashflow (loan) Scheme commenced on 12 May 2020. Expenditure in 2019-20 is for a partial year.

6 The KiwiSaver ex-gratia payments is a new appropriation established on 26 January 2021.

PLA refers to appropriations established under a permanent legislative authority.

All of the non-departmental appropriations administered by the department are exempt from the requirements to report end-of-year performance information, under section 1D of the Public Finance Act 1989.

The budget, revised budget and forecast figures have been prepared in accordance with NZ GAAP, using the same accounting policies as those adopted to prepare the non-departmental financial schedules.

For a full understanding of the Crown’s financial position, and the results of its operations for the year, refer to the consolidated Financial Statements of the Government of New Zealand for the year ended 30 June 2021.

Last updated: 02 Nov 2021
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