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Annual Report of the Treasury for the Year Ended 30 June 2006

Our outcome contribution

The Government’s themes of economic transformation, families – young and old and national identity are its priorities for the next decade. The Treasury will contribute to all these themes, with a particular focus on economic transformation.

A series of Treasury “outcomes” supports these themes – the areas where we are well placed to make a positive contribution to the Government’s goals. These are key outcomes for the Minister of Finance, or Vote Ministers in the case of CCMAU.

The Treasury’s outcomes are articulated individually (refer to the blue boxes in the diagram below), and we use them as goals to focus our efforts. We also have a role in making sure they all work together, and in considering how best as a whole our work underpins our overall vision of higher living standards for New Zealanders.

As the Government’s primary economic and fiscal advisors, we bring a particular perspective to achieving these outcomes. We also work alongside other agencies to achieve the desired results.

Higher Living Standards for New Zealanders.

As a central agency, we continue to work with the State Services Commission (SSC) and the Department of Prime Minister and Cabinet (DPMC) towards delivering a high-performing, trusted and accessible State sector – which delivers the right things in the right way, at the right prices. We each have our individual contributions to make to this outcome and, by working together, can improve overall results.

Last year, we sought to bring all of our activities into a consistent business planning framework, and in 2005/06 have focused on ensuring our results are driven by government priorities. We have also developed our planning framework even further and are currently undertaking a significant strategic planning exercise to incorporate what we have learned into our practices and framework.

The Managing for Outcomes framework has enabled us to be more focused on our work priorities and better at aligning resources to support them.

In this section we report on progress during 2005/06 and the challenges ahead, in the context of improved outcomes for the Government in the longer term.

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