Page updated 27 May 2014
In 2013, the Public Finance Act (1989) was amended to require the Treasury to report to Parliament with an Investment Statement at least every four years. The Statement:
- outlines 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
- describe the Crown's balance sheet, how it has evolved, and how it is expected to change in the future
- describes the performance of the Crown's major asset and liability classes
- canvasses Crown risk management issues, in particular what risk management means, what the Crown does now, and where the main risks and weaknesses are
- articulates the Treasury's assessment around key frameworks, including frameworks to guide the Crown's decisions on:
- funding mechanisms for public goods and services
- financial risk management
- balance sheet composition for assets and liabilities and a fiscal buffer
- owning assets, relative to other means of delivering public goods and services, and
- potential new directions for the balance sheet.
2014 Investment Statement
The 2014 Investment Statement: Managing the Crown’s Balance Sheet, was published on 26 March 2014.
Investment Statement Seminar Series
Following the release of the 2014 Investment Statement, the Treasury is continuing its series of seminars aiming to foster ongoing interest and discussion on matters relevant to managing the Crown’s balance sheet.
Presentation material from past seminars is available below:
- Investment Statement Debrief (7 May 2014)
- Composition and Performance of the Crown's Commercial and Financial Holdings (13 February 2014)
- Capital Management at the Department of Corrections: Seminar 9 of Investment Statement Series (13 December 2013)
- The Importance of Accounting to the Crown Balance Sheet (22 November 2013)
- The Crown Balance Sheet Implications of Intergenerationally-Neutral Funded Government Programmes (22 October 2013)
- Treasury Statement on the Long Term Fiscal Position (11 October 2013)
- The $28.4 billion question: what does the Outstanding Claims Liability mean for ACC? (30 September 2013)
- 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)
Note that prior to the 2013 amendment to the Public Finance Act, an Investment Statement of the Government of New Zealand was published in December 2010. That report was updated with supplementary information six months later in May 2011. These two reports were published by the Government and were not Public Finance Act reporting requirements of the Treasury.
- 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)
The Public Finance Act also requires the Treasury to produce a Statement on the Long-Term Fiscal Position at least every four years. These Statements must include 40-year projections on the Crown’s financial position and identify fiscal challenges that will face future governments such as those arising from the ageing of the population. The 2013 Statement, Affording Our Future, was published in July 2013.