Who we are
Page updated 24 Nov 2014
The Treasury is the Government’s lead advisor on economic, financial and regulatory policy.
We provide strategic policy advice on the New Zealand economy and produce a range of publications and economic data. We also monitor and manage the financial affairs of the Government; assess public sector proposals which have economic and financial implications; and deliver operational services through the Debt Management Office, Export Credit Office and our Commercial Transactions Group. In addition we are one of three central agencies, along with the Department of the Prime Minister and Cabinet and the State Services Commission, that are jointly responsible for providing leadership, coordination and monitoring across the entire public sector.
There are three key outcomes that the Treasury works towards to raise living standards: improved economic performance, macroeconomic stability and a higher performing State sector. It is critical that we continue to advise effectively on policies and strategies that matter for New Zealand’s long-term economic performance, that help maintain a stable and sustainable economy, and that support government agencies to build their capability to better deliver results.
Resources on the various aspects of our work can be found throughout this website, including information on the Budget, the New Zealand economy, the State sector, and the full range of Treasury publications.
Driving what we do is our vision to be a world-class Treasury working toward higher living standards for New Zealanders.
We recognise that living standards are affected by physical and financial resources such as infrastructure, housing, income and savings; people’s health, education and skills; social institutions and conventions; and natural resources such as quality water, a stable climate and biodiversity. This thinking is at the heart of our Living Standards Framework, a tool we use to assess the contributions our day-to-day work makes towards our vision.
We also recognise that a broad view and an enquiring mind are essential for us to be a world-class Treasury. Real-world challenges have encouraged us to diversify our thinking, to be more outwardly focused and collaborative, and to foster and harness greater diversity in the people who work for us. For more information on how we are thinking, acting and engaging differently see the speech The Changing Face of Treasury.
The Treasury was established in the same year the Treaty of Waitangi was signed and we place great respect on New Zealand’s bicultural foundations. This is symbolised by our wharenui, built in 1991. Our former kaumatua Don Rangi, a Treasury staff member for 54 years, talks in this video about the significance of our wharenui for everyone at Kaitohutohu Kaupapa Rawa.