This stock will progressively move from a cut of 8%, to 6-8%, to 4-6%, to 2-4% to 0-2%, to be increased by 0-2%, 2-4% and upwards of 4%
NZ Police Budget to be cut by more than 8%
SYMBOL: POLICE.BUDGET.D8+
Start Date: 9 March 12
Close Date: 28 May 12
Long Description
This contract pays $1 if Vote: Police in the New Zealand Government’s 2012/13 Budget is less than $1,362,283,560.
Judging Criteria:
The contract will be based on “Total Departmental Output Expenses” / “Departmental Transactions Budget” published in:
1) the “Appropriations for Output Expenses” table in the “Summary Tables” of “The Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2013” expected to be released by the Minister of Finance and Treasury on Budget Day 2012 (24 May); and / or
2) The “Total Departmental Output Expenses” in the “Vote Police” summary in “The Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2013” expected to be released by the Minister of Finance and Treasury on Budget Day 2012 (24 May)
The comparable number for Budget 2011/12 was $1,480,743,000 published in:
1) column 3 on page xxii of The Estimates of Appropriations 2011/12 B.5 at [www.treasury.govt.nz] and
2) column 3 on page 251 of The Estimates of Appropriations 2011/12 B.5 at [www.treasury.govt.nz]
If no comparable number is released on Budget Day 2012, iPredict will seek advice from the Treasury and/or the Office of the Minister of Finance on the comparable number that should be used to determine the close price of this contract.
The contract is unaffected if Budget Day 2012 occurs on a day other than 24 May.
The contract shall be closed on the Monday following Budget Day.