Liabilities (including Debt)
Page updated 26 Nov 2007
Overview of information about government liabilities and debt on the Treasury website, including the government's borrowing programme and the role of the New Zealand Debt Management Office, a unit of the Treasury.
What are the Government's Liabilities?
The government's liabilities include the Kyoto Liability, ACC claims, and the Government Superannuation Fund liability.
The Statement of Financial Position in the Financial Statements of the Government of New Zealand for the Year Ended 30 June shows the current value of broad types of liabilities and values total liabilities at $89,140 million.
The Forecast Statement of Financial Position in the Budget 2007 Economic and Fiscal Update forecasts total liabilities for the 2007/08 financial year at $91,250 million.
The government reports on its provision for New Zealand's obligation under the Kyoto Protocol in the Financial Statements of the Government of New Zealand.
The Treasury's Role
The New Zealand Debt Management Office (NZDMO) is a separate unit within the Treasury, responsible for managing the Government's borrowing programme. NZDMO was established in 1988 with the aim of improving the management of risk associated with the Government's debt portfolio. It is responsible for managing the government's debt, overall net cash flows, and some of its interest-bearing assets within an appropriate risk management framework.
Key Publications
Research & Policy Publications
See Working Papers and Policy Perspectives Papers on these topics: