Financial Summary
In 2002/2003 the Ministry expects to earn $41.848 million in revenue from the Crown and $49.201 million from other purchasers of the services it will supply under the 18 departmental output classes detailed in this report. The Ministry expects to incur expenses of $88.641 million in providing these services.
The Ministry expects to make a surplus of $2.408 million in 2002/2003.
In addition, the Ministry administers the following non-departmental appropriations:
- output classes across five Votes (Commerce, Communications, Energy, Economic, Industry and Regional Development, and Tourism) totalling $141.721 million for services supplied by the Commerce Commission, Securities Commission, Accounting Standards Review Board, Takeovers Panel, Industry New Zealand, local and national delivery organisations for economic, industry and regional development programmes, and New Zealand Tourism Board; and
- appropriations across five Votes (Commerce, Communications, Energy, Economic, Industry and Regional Development, and Tourism) totalling $50.696 million for regional development programme initiatives and grants, subscriptions and other expenses.
The Ministry is responsible for making payments for the services supplied within appropriation under non-departmental output classes and for other expenditures on behalf of the relevant Vote Ministers. Each non-departmental output class provider is directly accountable to the responsible Minister for its performance. The Ministry is responsible for managing and monitoring contracts with non-departmental output class providers, on behalf of the responsible Minister.
The Ministry expects to collect $143.622 million of Crown revenue in 2002/2003, with the major portion coming from energy resource levies and royalties.
Details of how the non-departmental appropriations will be applied appear in Parts B1, C2, D and E of Votes Commerce, Communications, Energy, Economic, Industry and Regional Development, and Tourism, in the Estimates of Appropriations for the Government of New Zealand for the year ended 30 June 2003.
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