Summary of Initiatives
He Whakarāpopototanga o ngā Kaupapa
In Budget 2024, the Government is investing an average of $3.2 billion per year in net new operating spending. The Government is also investing $2.4 billion total in new capital spending from the Multi-Year Capital Allowance.
Table 1 below provides a breakdown of Budget 2024, including offsets from revenue and savings, as well as reprioritisation of unspent funding such as from tagged contingencies. For total expenditure by Vote, see the Estimates of Appropriations for 2024/25.
Table 1 — Budget net expenditure breakdown
| Budget 2024 Operating Average[1] $million |
Budget 2024 Operating Total[2] $million |
Budget 2024 Capital Total[3] $million |
Budget 2025 Committed Operating Average $million |
Budget 2026 Committed Operating Average $million |
|
|---|---|---|---|---|---|
| Budget Breakdown | |||||
| Tax Relief | 3,681 | 14,725 | 7 | - | - |
| Savings and Revenue to Fund Tax Relief | (3,712) | (14,848) | (1,360) | - | - |
| Health* | 2,007 | 8,029 | 124 | 1,370 | 1,370 |
| Education (including Tertiary Education) | 1,006 | 4,025 | 679 | - | - |
| Law and Order | 465 | 1,859 | 216 | - | - |
| Social Sector and Disability Services | 369 | 1,476 | - | - | - |
| Transport | 220 | 879 | 1,809 | - | - |
| Defence and Foreign Affairs | 109 | 436 | 325 | - | - |
| Other New Spending | 1,205 | 4,821 | 2,379 | - | - |
| Savings and Revenue to Fund Core Services | (2,146) | (8,583) | (1,779) | - | - |
| Total Budget 2024 | 3,205 | 12,819 | 2,399 | 1,370 | 1,370 |
* The Government has committed $1.4 billion per year against each of the Budget 2025 and 2026 operating allowances for Health cost pressures.
Note: Table 1 includes funding for initiatives that have been withheld due to commercial and/or negotiation sensitive. The totals of individual initiatives will, therefore, not reconcile to the table above.
Notes