What we do
The Treasury’s overall vision is to be a world-class Treasury working for higher living standards for New Zealanders. This vision is behind our efforts to increase savings, improve export performance and invest in the wellbeing of New Zealanders.
Our overarching goal is to be a highly engaged, relevant and respected economic and financial policy advisor, making an impact on the issues that are important to New Zealand’s economic performance and State sector management.
Our roles and outcomes
The Treasury is uniquely placed to provide advice that integrates economic and financial perspectives including interests in institutions, macroeconomic performance and structural policy issues and financial advice to the Government. We bring it together in a way that helps the Government focus on what really matters to improve living standards for New Zealanders.
We need to do this in collaboration with other agencies, both those with more specific responsibilities, and with other central agencies to ensure that the public service overall is aligned with, and giving effect to, the Government’s priorities.
Over the past year, we clarified our roles. These are:
Economic role – focuses on issues with regulatory or policy implications that may have a significant and therefore pervasive impact on the performance of the economy as a whole, rather than providing second-opinion advice on all issues with economic implications.
Financial role – focuses on issues with a significant fiscal focus – expensive policies and long-term trends, and financial management and standards (including financial probity issues), rather than all issues with fiscal implications.
Central agency role – places more emphasis on helping the Government develop its overall strategy and manage significant issues that emerge.
We think about our roles in terms of the three main outcomes we are seeking:
- Improved economic performance.
- Improved State sector performance.
- A more stable and sustainable macroeconomic environment.
These are all necessary to achieving higher standards of living for New Zealanders, and are mutually supporting.
Crown Company Monitoring Advisory Unit
The Crown Company Monitoring Advisory Unit (CCMAU) is a stand-alone unit within the Treasury. The Executive Director of the Unit is directly accountable to the Secretary to the Treasury for the Crown’s investment in CCMAU, and for CCMAU’s performance.
