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Annual Report of the Treasury for the Year Ended 30 June 2016

Section One - About the Treasury

Who We Are

As a finance and economics ministry, the Treasury's work covers five functions:

  • Economic policy advice. We are the lead advisor to Ministers on economic performance, concentrating on policy areas that have a significant impact on economic performance. This includes advice on measures to improve the quality of regulation, removing barriers to growth and enhancing productivity.
  • Financial management and advice. We manage the financial affairs of the Crown and provide advice on fiscal strategy, policy and performance. As the Government’s chief accountant we also work to support awareness, professionalism and skills development in financial management across the State sector.
  • State sector leadership. With the Department of the Prime Minister and Cabinet (DPMC) and the State Services Commission (SSC), we collectively lead the State sector with the aim of delivering results for New Zealanders. We assist the Government to develop its overall strategy for the State services, provide advice on how to improve the system and manage significant issues.
  • Performance management and advice. We manage the performance of departments and other entities the Crown owns. This includes working with them to improve performance as required. Our focus is getting value for money for taxpayers.
  • Commercial policy advice and operations. We provide commercial policy advice, execute commercial transactions and provide financial operational services through the Treasury’s Debt Management Office (NZDMO) and the New Zealand Export Credit Office (NZECO).
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