The Treasury's Output Expense Performance
Statement of Objectives and Service Performance
Section 45A of the Public Finance Act 1989
This section provides information about the outputs (services and activities) that the Treasury provided through 19 output appropriations during the 2009/10 year. The following pages provide information on the Treasury's most significant work undertaken during the year and the standards that applied to some of that work. Two of the 19 appropriations were originally delivered by the CCMAU, a semi-autonomous unit of the Treasury, but were integrated into the Treasury's main work programme in November 2009.
The following table provides an overview of the linkages between the Treasury's outcomes and objectives, the impacts we seek to have and the appropriations through which we are funded.
| Outcomes and Objectives | Impacts | Appropriations |
|---|---|---|
| Vote Finance Service Performance | ||
| A stable and sustainable macroeconomic environment | Contributing to budget decisions that are conducive to achieving short-term macroeconomic stability and meeting long-term fiscal challenges. | |
| Managing and issuing Crown debt in a way that minimises borrowing costs, and managing the financial assets under the control of NZDMO in a way that maximises long-term returns, all within an appropriate risk management framework. |
|
|
| Improved overall economic performance | Achieving policies that promote economic growth, with a focus on increasing productivity. |
|
| Increasing the level of export activity within the bounds of the Government's financial risk parameters set out in the delegation agreement. |
|
|
| Maintaining a robust and efficient financial sector. | ||
| Enhancing national infrastructure planning and ensuring higher-quality asset management. |
|
|
| Improved State sector performance | Ensuring the work of the State sector represents value for money in achieving the Government's priorities and generating the maximum possible benefit for taxpayers for a given level of expenditure. |
|
| To meet Crown liabilities and manage Crown asset management | Minimising Crown financial risk within the bounds of government objectives. |
|
| Crown Research Institutes Service Performance | ||
| CCMAU[7] provides valuable ownership, performance monitoring and governance advice to Ministers | CRIs, Research and Education Advanced Network New Zealand Ltd (REANNZ) and New Zealand Venture Investment Fund (NZVIF) build and retain scientific capability in New Zealand that contributes to economic growth. |
|
| State-Owned Enterprises Service Performance | ||
|
CCMAU[7] provides value ownership, performance monitoring and governance to Ministers
|
Government appoints, or reappoints, directors of the highest calibre; sets clear, unambiguous expectations for SOEs; improves the levels of disclosure, analysis and feedback to SOEs; better leveraging of Crown company balance sheets; reduces regulatory business and simplifies government processes; focuses on portfolio as well as company performance. |
|
Notes
- [4]These appropriations are included in the Macroeconomic Policy Advice and Management Multi Class Output Appropriation (MCOA).
- [5]These appropriations form the State Sector and Economic Performance Policy Advice and Management MCOA.
- [6]These appropriations form the State Sector and Economic Performance Policy Advice and Management MCOA.
- [7]This function is now performed by COMU in the Treasury following restructuring in 2009.
