Appropriation (2023) Bill, 2022 - HB 14, 2022
The 2023 budget Bill appropriates $3.71 trillion in all — $3.67tn from the Consolidated Revenue Fund and $46.6bn from Retention Funds — with Education at $631.3bn and Health at $462.1bn the largest votes.
This Bill authorises spending for the year ending 31 December 2023. The Consolidated Revenue Fund is charged with not more than $3,667,695,648,000 and the Retention Funds with a further $46,627,046,000, giving a combined $3,714,322,694,000.
Primary and Secondary Education takes the largest vote at $631,279,722,000, followed by Health and Child Care at $462,086,163,000 and Lands, Agriculture, Fisheries, Water and Rural Development at $362,520,603,000.
Defence and War Veterans Affairs receives $331,143,086,000, Home Affairs and Cultural Heritage $268,459,806,000 and Finance and Economic Development $259,903,008,000.
The Retention Fund appropriation returns here after being absent from the 2021 and 2022 Bills — those are the funds ministries may keep and spend from their own revenue under section 18(1)(a) or (b) of the Public Finance Management Act, and at $46.6 billion they are a little over one per cent of the total.
The Minister of Finance retains the usual powers to transfer between Votes on reassignment of a service and to release the Unallocated Reserve of Vote 5.
What changed
- Consolidated Revenue Fund charged with up to $3,667,695,648,000 for the year ending 31 December 2023
- Retention Funds charged with up to $46,627,046,000
- Combined appropriation of $3,714,322,694,000
- Primary and Secondary Education receives $631,279,722,000, the largest vote
- Health and Child Care receives $462,086,163,000
- Defence and War Veterans Affairs receives $331,143,086,000
- The Minister of Finance may transfer between Votes and release the Unallocated Reserve of Vote 5
Who this affects
- government ministries spending against the 2023 Votes
- suppliers and contractors to government
- teachers and health workers funded from the two largest votes
- budget analysts and economists
- taxpayers
Plain-language summary — not legal advice. Always read the full instrument.