Investment Statements
Page updated 17 Sep 2013
The Investment Statement describes in an easily digestible form the Crown's assets and liabilities.
However, and more importantly, the Investment Statement is a concrete first step in influencing thinking on the level and mix of capital, its allocation and utilisation, and prudent balance sheet management.
Overall the Investment Statement aims to:
- outline the importance of the Crown’s balance sheet in delivering public goods and services, and its importance for the quality of New Zealanders' living standards.
- clearly and concisely describe the Crown’s balance sheet, how it has evolved over time, and how it is expected to evolve in the short and medium terms.
- describe the performance of the Crown’s major asset and liability classes (e.g. in terms of the accepted Financial, Commercial, and Social groupings).
- canvas Crown risk management issues, in particular what risk management means, what the Crown does now, and where the main risks and weaknesses are.
- articulate Treasury’s thinking around key frameworks, including frameworks to guide the Crown's decisions on:
- owning assets (relative to other means of delivering public goods and services);
- funding mechanisms for public goods and services;
- financial risk management;
- balance sheet composition for assets and liabilities and a fiscal buffer; and
- potential new directions for the balance sheet (e.g. considering discussion of a 'comprehensive balance sheet').
Previous Investment Statements have been Government-produced documents. The Public Finance Act 1989 now requires the Treasury to publish an Investment Statement every four years.
2013 Investment Statement Seminar Series
In the lead-up to the release of the 2013 Investment Statement, the Treasury is holding a series of seminars aiming to foster interest in, and discussion on, balance sheet matters as well as the sharing of knowledge across the public sector and beyond. By building interest and fostering debate on themes such as agency performance, capital management, and risk management, it is our hope that a sound platform will be provided for release of the Investment Statement by the end of 2013.
Upcoming Seminars
For more information and to RSVP for the seminars that are scheduled for the near future see:
- The $28.4 billion question: what does the Outstanding Claims Liability mean for ACC? (30 September 2013)
- Treasury Statement on the Long Term Fiscal Position (11 October 2013)
Past Seminars
Presentation material from past seminars is made available shortly after the seminar.
Past seminars:
- Measuring and Managing Agency Performance (16 September 2013)
- Introduction of the Quantifying Natural Hazard Risk in New Zealand - Looking Back to Look Forward (12 September 2013)
- Managing and Insuring Public Assets (13 August 2013)
- International Credit Ratings Agency - Fitch Ratings (30 August 2013)
Previous Investment Statements
Previous Investment Statements were not statutorily required, but were introduced in 2010 and published by the Government to coincide with Budget releases:
- Supplement to the 2010 Investment Statement of the Government of New Zealand (19 May 2011)
- 2010 Investment Statement of the Government of New Zealand (14 December 2010)
