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Annual Report of the Treasury for the Year Ended 30 June 2010

The Treasury's Performance Framework

This section reports on progress we made in our three outcome areas: a stable and sustainable macroeconomic environment; improved overall economic performance; and improved State sector performance. These outcomes reflect those areas where we feel we can have most influence towards achieving the Government's goals.

The Treasury's main output, or service, is policy advice. This policy advice, as well as the other services we provide, is delivered through 19 appropriations. These appropriations contribute directly to results we want to achieve. Our result areas are selected because they represent the areas where we can have the greatest impact, and our aim in focusing on them is to maximise the impact that we have and to enhance our effectiveness as a department. In turn, each of these results contributes to our progress with one or more of the three outcomes.

Success in achieving our portfolio of results involves engaging effectively, both internally and with our key external customers, providing good-quality policy advice and operations and being flexible in our approach so that we can respond to changes in our operating environment.

The Treasury's Performance Framework
The Treasury's Outcomes

Improving New Zealand's economic performance

 A stable and sustainable macroeconomic environment Improving State sector performance

The Treasury's Results
Medium-term economic strategy Improving State
sector performance		 Macro and fiscal advice to achieve
a stable macroeconomic environment		 Management of Crown risks and balance sheet Infrastructure Effective and efficient management of financial operations
Enabling and supporting a high-performing Treasury

The Treasury's Appropriations
  • Policy Advice – Economic Performance
  • Policy Advice – State Sector Performance
  • Economic and Tax Forecasting
  • Fiscal Management
  • Fiscal Reporting
  • Management of Crown Lending and Crown
    Bank Accounts
  • Policy Advice – Fiscal and Macroeconomic

 
  • Management of Liabilities, Claims Against the Crown and Crown Properties
  • Crown Company Monitoring Advice to the Minister of Research, Science and Technology and the Minister for Economic Development
  • Crown Company Monitoring Advice to the Minister for State-Owned Enterprises and other Responsible Ministers

 
  • Infrastructure Advice and Coordination
  • Administration of Crown Borrowing PLA
  • Administration of Derivative Transactions PLA
  • Administration of Investment of Public Money PLA
  • New Zealand Export Credit Office
  • Crown Guarantee Schemes
  • Crown Deposit Guarantee Scheme
  • Crown Wholesale Guarantee Facility
  • Administration of Guarantees and Indemnities Given by the Crown PLA
We will maximise our impact in these areas through a focus on results - this will ensure we are more explicit about the areas we think will make the greatest contribution to achieving our outcomes, the impact we are seeking in these areas and what we are going to do to achieve this.
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