New Zealand generally accepted accounting practice
New Zealand Trade and Enterprise
Organisation for Economic Co-operation and Development
Pacific Cyber Security Operation Network
public benefit entity
Public Benefit Entities Financial Reporting Standard
potential direct economic impact
Public Benefit Entity International Public Sector Accounting Standard
Provincial Growth Fund Limited
permanent legislative authority
Research and development
Regional Skills Leadership Group
Residential Tenancies Trust Account
total primary energy supply
telecommunications service obligations
virtual private network
wellbeing, health and safety
work in progress
Glossary of terms
The outcome describes what we are trying to achieve and what this looks like.
The intermediate outcome describes the outcome in more detail.
Gross domestic product (GDP)
The total value of goods produced and services provided in a country during one year.
Expenses incurred by MBIE in delivering services and functions on behalf of the Government. Expenses incurred by entities other than MBIE in delivering services and functions on behalf of the Government.
Types of expenses:
A term for goods, services or functions purchased by the Government. Outputs include policy advice, administration of contracts, and the provision of specific services.
A term for operating expenses that are not outputs, such as interest expenses and grants.
An appropriation is a sum of money allocated for a particular use and includes a description of what is being purchased, why it is being purchased and how performance will be assessed. It authorises Ministers to consume public resources, and ensures that Parliament knows how money will be spent and that government is held accountable for the spending.
Types of appropriations
This is the most common type of appropriation and is limited to one financial year, consistent with the annual Budget cycle.
MCA – multi-category appropriation
Multi-category appropriations consist of two or more categories of spending within a single appropriation that contribute to the same overarching purpose.
MYA – multi-year appropriation
Multi-year appropriations allow expenses or capital expenditure to be incurred during a specified period of no more than five financial years. MYAs are generally used where uncertainties or dependencies are likely to affect when costs are incurred (eg, milestone payments for a multi-year project).
PLA – permanent legislative authority
Permanent appropriations are authorised by legislation other than an Appropriation Act and continue in effect for an indefinite period. Generally, the authorising legislation will impose limits on the scope of the appropriation and not its amount.
The Main Estimates are the Government’s approved set of appropriations for a year. They are approved and published before the start of the financial year to which they relate.
The Supplementary Estimates are the Government’s approved changes to appropriations within a financial year and supersede the information in the Main Estimates for that year.