Budget 2019

The Treasury's Economic and Fiscal Forecasts

Net capital expenditure activity

Table 19 - Net capital expenditure activity

Year ending 30 June
$billions
2018
Actual
2019
Forecast
2020
Forecast
2021
Forecast
2022
Forecast
2023
Forecast
5-year
Total
Education 0.8 0.8 1.2 1.2 1.0 0.8 5.0
Defence 0.5 0.8 1.3 1.3 0.8 0.5 4.7
Corrections 0.2 0.5 0.2 0.1 0.1 0.1 1.0
Health 0.3 0.2 0.1 - - - 0.3
Police 0.1 0.1 0.1 0.1 0.1 0.1 0.5
Inland Revenue 0.1 0.1 0.2 0.2 - - 0.5
Other 0.5 0.8 0.6 0.5 0.7 0.5 3.1
Net purchase of physical assets 2.5 3.3 3.7 3.4 2.7 2.0 15.1
Student loans - (0.1) (0.1) (0.1) (0.1) - (0.4)
Housing infrastructure fund - 0.1 0.2 0.2 0.2 0.1 0.8
PGF loans - - 0.7 0.2 - - 0.9
Other 0.1 0.1 - 0.3 - (0.1) 0.3
Net advances 0.1 0.1 0.8 0.6 0.1 - 1.6
NZTA 1.6 1.2 1.0 0.3 0.9 0.8 4.2
City Rail Link 0.3 0.1 0.5 0.4 0.4 0.4 1.8
District Health Boards 0.1 0.5 0.6 0.4 0.5 0.6 2.6
Crown Infrastructure Partners 0.1 0.3 0.2 0.2 0.1 - 0.8
KiwiRail 0.4 0.4 0.7 0.6 - - 1.7
Southern Response 0.2 0.2 0.1 - - - 0.3
Ōtākaro - 0.1 0.2 0.1 - - 0.4
Tamaki - 0.1 - 0.1 0.1 - 0.3
Other 0.1 0.2 0.3 0.1 0.1 0.2 0.9
Net investments 2.8 3.1 3.6 2.2 2.1 2.0 13.0
Future new capital spending - 0.5 0.5 1.0 1.5 1.7 5.2
Top-down capital adjustment - (1.3) (1.0) (0.6) (0.3) (0.2) (3.4)
Contribution to NZS Fund 0.5 1.0 1.5 2.1 2.4 2.6 9.6
Net capital spending 5.9 6.7 9.1 8.7 8.5 8.1 41.1

Source: The Treasury

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