Glossary
Output expenseThe various Crown agencies and Ministries that make up the New Zealand Government are funded through a series of financial packages, called ‘Votes’. The Foundation's funding is provided through Vote
RS&T (research, science and technology). The money is divided by the government into output expenses, each of which support specific government goals (see a complete list of Vote RS&T output expenses). The funding for each output expense is specified in the Government Budget each year.
The Foundation splits output expenses into schemes or portfolios, to help manage how we invest these funds. The money we invest through these portfolios and schemes helps support a range of organisations and people to carry out research, science and technology for the benefit of New Zealand.
