Figure 2 – New Zealand Government Procurement and Property’s actual revenue and spending, year ended 30 June 2019
The table shows revenue from administration levies was about 68% of NZGP’s total revenue. Note: MBIE transfers revenue from administration levies that exceeds spending to a memorandum account. The balance of the memorandum account was $14,526,231 at 30 June 2019. NZGP told us that it plans to review the amount of the administration levies and how it could use the accumulated funds. NZGP also told us that higher volumes are increasing operational support requirements and it expects that costs will increase, which would result in a reduction in the memorandum account balance from 2018/19. Source: Ministry of Business, Innovation and Employment.
https://oag.parliament.nz/2019/functional-leadership/media-kit/nzgpp-actual-revenue-and-spending.jpg/view
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Figure 2 – New Zealand Government Procurement and Property’s actual revenue and spending, year ended 30 June 2019
The table shows revenue from administration levies was about 68% of NZGP’s total revenue. Note: MBIE transfers revenue from administration levies that exceeds spending to a memorandum account. The balance of the memorandum account was $14,526,231 at 30 June 2019. NZGP told us that it plans to review the amount of the administration levies and how it could use the accumulated funds. NZGP also told us that higher volumes are increasing operational support requirements and it expects that costs will increase, which would result in a reduction in the memorandum account balance from 2018/19. Source: Ministry of Business, Innovation and Employment.
