Wellbeing Budget 2021

Securing
Our Recovery

Finance

Accelerating New Zealand's Economic Recovery - Laying the Foundation for a Better Future

This initiative provides funding to sustain the Treasury's service supporting the Government to deliver its priorities that will accelerate Aotearoa New Zealand's economic recovery, laying the foundation for a better future.

Vote 2020/21 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Finance 3.686 5.339 5.401 5.768 5.045 25.239 -

Delivering New Zealand's Contribution to the World Bank Capital Increase Package

This funding is for subscription to the shares in the International Finance Corporation allocated to Aotearoa New Zealand by the recent World Bank capital increase package. The World Bank capital increase package is one of a broader suite of initiatives to strengthen the balance sheet of the world's largest development bank in support of the United Nations' Sustainable Development Goals by 2030.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Finance - - - - - 27.900

Recapitalising New Zealand Green Investment Finance Ltd

This initiative provides capital for New Zealand Green Investment Finance Ltd, which is undercapitalised and will not be in a position to continue investing without receiving further capital. This recapitalisation occurs at a critical time for investment in mitigation outcomes in Aotearoa New Zealand, as Aotearoa New Zealand moves to implement its first Emissions Reduction Plan in 2021.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Finance - - - - - 200.000
Tagged contingency - - - - - 100.000

Restoring the New Zealand Productivity Commission's Research and Engagement Capability

This initiative will enable the New Zealand Productivity Commission to carry out its intended purpose of improving productivity and supporting the wellbeing of all communities and population groups in Aotearoa New Zealand society. The additional funding will rebuild and preserve the Commission's capability and capacity to lead and coordinate independent research. It will also enable the Commission to increase consultation with key communities, deliver flexible and tailored inquiry reports, and promote wider public understanding of productivity issues.

Vote 2021/22 2022/23 2023/24 2024/25 Operating
Total
Capital
Total
Finance 0.900 0.900 0.900 0.900 3.600 -
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