| Actual 2021 ($000) | Vote: Revenue | Actual 2022 ($000) | Unaudited revised budget 2022 ($000) | Unaudited forecast 2023 ($000) |
|---|---|---|---|---|
| $32,623 | Capital injections | $122,560 | $122,560 | $2,700 |
| n/a | Capital withdrawal | $(119,200) | $(119,200) | n/a |
| $32,623 | Net capital injections and withdrawals | $3,360 | $3,360 | $2,700 |
Inland Revenue has not received any capital injections during the year without, or in excess of, authority (2020-21: nil).
The capital injection of $122.560 million in 2021-22 was the final capital injection for the last stage of the transformation programme, including programme contingency funding. The capital withdrawal of $119.200 million reflects the return to the Crown of unused contingency funding at the closure of the programme.
Last updated:
27 Sep 2022