New Zealand generally accepted accounting practice
NZTE
New Zealand Trade and Enterprise
OECD
Organisation for Economic Co-operation and Development
PaCSON
Pacific Cyber Security Operation Network
PBE
public benefit entity
PBE FRS
Public Benefit Entities Financial Reporting Standard
pDEI
potential direct economic impact
PBE IPSAS
Public Benefit Entity International Public Sector Accounting Standard
PGFL
Provincial Growth Fund Limited
PLA
permanent legislative authority
QFT
Quarantine-free travel
R&D
Research and development
RSLG
Regional Skills Leadership Group
RTTA
Residential Tenancies Trust Account
TPES
total primary energy supply
TSO
telecommunications service obligations
VPN
virtual private network
WHS
wellbeing, health and safety
WIP
work in progress
Glossary of terms
Outcome
The outcome describes what we are trying to achieve and what this looks like.
Intermediate outcome
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.
Departmental expenses
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:
Output
A term for goods, services or functions purchased by the Government. Outputs include policy advice, administration of contracts, and the provision of specific services.
Other expense
A term for operating expenses that are not outputs, such as interest expenses and grants.
Appropriation
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
Annual appropriation
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.
Main Estimates
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.
Supplementary Estimates
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.
https://www.mbie.govt.nz/about/who-we-are/corporate-publications/annual-reports/annual-report-2020-21/acronyms Please note: This content will change over time and can go out of date.
