Schedule of non-departmental expenditure (2022)

Non-departmental expenditure for the year ended 30 June 2022.

Actual 2021 ($000)

Expenditure type

Notes

Actual 2022 ($000)

Unaudited budget 2022 ($000)

Unaudited forecast 2023 ($000)

Benefits and other unrequited expenses

$271,100

Best Start tax credit

n/a

$307,555

$405,000

$375,000

$2,102,743

Family tax credit

n/a

$2,016,589

$2,064,000

$2,375,000

$571,734

In-work tax credit

n/a

$506,230

$620,000

$545,000

$391

KiwiSaver: Interest

n/a

$158

$1,000

$2,000

$915,571

KiwiSaver: Tax credit

n/a

$963,856

$973,000

$1,028,000

$13,220

Minimum family tax credit

n/a

$13,130

$27,000

$17,000

$503,310

Paid parental leave payments

n/a

$602,634

$540,000

$645,000

n/a

Payroll Subsidy

n/a

$(2,000)

n/a

$4,378,069

Total benefits and other unrequited expenses

n/a

$4,408,152

$4,630,000

$4,987,000

Borrowing expenses

$1,418

Environmental restoration account interest

n/a

$1,510

$1,400

$6,476

Income equalisation interest

n/a

$8,444

$10,000

$7,000

$7,894

Total borrowing expenses

n/a

$9,954

$11,400

$8,400

Other expenses

n/a

Cost of Living payment

n/a

$800,000

$199,983

COVID-19 Resurgence Support Payment

$2,712,507

n/a

COVID-19 Support Payment

$1,306,810

n/a

$881,659

Impairment of debt and debt write-offs

2,4

$662,497

$841,000

$142,920

Initial fair value write-down relating to Small Business Cashflow Scheme COVID-19

2,6

$230,069

$84,000

$279,000

$468,594

Initial fair value write-down relating to student loans

$489,063

$515,000

$662,000

$(20,690)

Impairment of debt relating to child support

$(41,920)

n/a

$7,235

KiwiSaver ex gratia payments

n/a

$(20)

n/a

$1,679,701

Total other expenses

n/a

$5,359,006

$1,440,000

$2,582,000

$6,065,664

Total expenditure excluding losses

n/a

$9,777,112

$6,081,400

$7,577,400

The accompanying accounting policies and notes form part of these 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 2022'.

Financial Statements of the Government of New Zealand for the Year Ended 30 June 2022 - treasury.govt.nz