| Vote: Revenue | Actual 2024 ($000) | Actual 2025 ($000) | Unaudited revised budget1 2025 ($000) | Unaudited budget 2025 ($000) | Unaudited forecast 20262 ($000) |
|---|---|---|---|---|---|
| Benefits and or related expenses | |||||
| Best Start Tax Credit PLA | $336,108 | $345,990 | $348,000 | $339,000 | $326,000 |
| Child Support Payments PLA2 | $413,390 | $425,867 | $434,000 | $453,000 | $442,000 |
| FamilyBoost Tax Credit PLA3 | - | $50,607 | $131,000 | $174,000 | $171,000 |
| Family Tax Credit PLA | $2,296,578 | $2,434,255 | $2,435,000 | $2,316,000 | $2,374,000 |
| In-Work Tax Credit PLA | $436,964 | $550,040 | $554,000 | $582,000 | $588,000 |
| KiwiSaver: Interest | $2,841 | $3,481 | $4,200 | $2,500 | $4,000 |
| KiwiSaver: Tax Credit, Contribution and Residual Entitlement | $1,011,371 | $1,016,801 | $1,109,000 | $1,101,000 | $541,000 |
| Minimum Family Tax Credit PLA | $11,467 | $10,691 | $10,300 | $12,000 | $7,900 |
| Paid Parental Leave Payments | $647,296 | $708,905 | $756,000 | $685,000 | $745,000 |
| Total benefits or related expenses | $5,156,015 | $5,546,637 | $5,781,500 | $5,664,500 | $5,198,900 |
| Non-departmental borrowing expenses | |||||
| Environmental Restoration Account Interest PLA | $4,185 | $4,120 | $4,200 | $4,300 | $4,200 |
| Income Equalisation Interest PLA | $8,602 | $6,628 | $8,000 | $7,000 | $7,000 |
| Total non-departmental borrowing expenses | $12,787 | $10,748 | $12,200 | $11,300 | $11,200 |
| Non-departmental other expenses | |||||
| Cost of Living payment | - | - | $10 | - | - |
| COVID-19 Resurgence Support Payment | - | - | $40 | - | - |
| COVID-19 Support Payment4 | $90 | $26 | $80 | - | - |
| Final-year Fees Free Payments5 | - | - | - | - | $55,000 |
| Impairment of Debt and Debt Write-Offs6 | $2,375,843 | $1,872,426 | $2,293,900 | $1,676,000 | $1,520,000 |
| Impairment of Debt and Debt Write-Offs Relating to Child Support | - | $10,094 | $65,000 | - | - |
| Impairment of Debt Relating to Student Loans | - | $59,500 | $62,000 | - | - |
| Impairment of debt relating to the SBCS7 | $37,693 | - | $40,000 | - | - |
| Initial Fair Value Write-Down Relating to Student Loans | $544,076 | $585,247 | $590,000 | $633,000 | $636,000 |
| KiwiSaver: Employee and Employer Contributions PLA2 | $9,423,573 | $9,691,244 | $9,870,000 | $10,220,000 | $10,670,000 |
| Science, Innovation and Technology R&D Tax Incentive | $316,958 | $532,428 | $592,968 | $556,168 | $650,742 |
| Total non-departmental other expenses | $12,698,233 | $12,750,965 | $13,513,998 | $13,085,168 | $13,531,742 |
| Non-departmental capital expenditure | |||||
| Small Business Cashflow Scheme COVID-19 | $65 | - | - | - | - |
| Total non-departmental capital expenditure | $65 | - | - | - | - |
| Total non-departmental appropriations | $17,867,100 | $18,308,350 | $19,307,698 | $18,760,968 | $18,741,842 |
1 The revised budget figures for 2024–25 are those included in The Supplementary Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2025.
2 These appropriations are pass-through transactions and are not recorded in the Schedule of Non-Departmental Expenditure.
3 The FamilyBoost appropriation was introduced as part of Budget 2024 and commenced 1 July 2024.
4 The expenditure for the COVID-19 Support Payment appropriation mainly occurred in 2021–22. Current year actual expenditure reflects additional final claims incurred in 2024–25.
5 In Budget 2024, the Government announced a move from First-year Fees Free to Final-year Fees Free payments. Payments will commence in January 2026.
6 Impairment of Debt and Debt Write-Offs relates to general tax, Working for Families Tax Credits, FamilyBoost, KiwiSaver and COVID-19 debt (excluding the Small Business Cashflow Scheme).
7 Refers to the Small Business Cashflow Scheme COVID-19.
PLA refers to appropriations established under a permanent legislative authority.
All of the non-departmental appropriations administered by the department (with the exception of the Research and Development Tax Incentive [RDTI]) 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 accounting policies that are consistent with those adopted in preparing the non-departmental financial schedules. The forecast figures for 2025–26 are those included in The Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2026.
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 2025.