Strategic Direction
The Government priorities
We have revised our strategic direction for the period covered by this Statement of Intent (SOI) in light of the current economic and fiscal environment.
The Government has signalled three priorities for the Treasury for the next few years and these priorities underpin the strategic direction. The Government's main priorities are:
- managing New Zealand's path through the economic downturn - reducing the impact and putting New Zealand in a strong position to take advantage of better economic times
- making government investment and expenditure more productive and effective, and
- making the New Zealand economy more productive, and in particular, improving regulations and improving our investment in national infrastructure.
Taking into account the Government's priorities, we defined the five Treasury priorities listed below. Focusing on these over the next three years will not only ensure that the Treasury meets the Government's needs and expectations, and monitors progress along the way, but that we build and maintain clear connections between these priorities and the broader base of our work programme.
| Treasury's five priorities for 2009-2012 | |
|---|---|
| NB: The symbols in the table below are used in the diagram on pages 10 and 11 to highlight those parts of the Treasury's work programme that are strongly connected with the delivery of these priorities over the next three years. | |
| * Financial crisis response, including medium-term fiscal consolidation, including the wholesale and deposit guarantee schemes | Outcomes it contributes directly to: Economic and Macroeconomic performance |
|
Scope of the priority:
|
|
| ⊗ Economic (productivity) strategy over the term of the SOI | Outcomes it contributes directly to: Economic, State sector and Macroeconomic performance |
|
Scope of the priority:
|
|
| ◊ State sector performance – in particular: the effective and efficient performance within a sustainable fiscal track | Outcomes it contributes directly to: State sector, Economic and Macroeconomic performance |
|
Scope of the priority:
|
|
| ∞ Balance sheet risk monitoring and management | Outcomes it contributes directly to: Macroeconomic, Economic and State sector performance |
|
Scope of the priority:
|
|
| ♦ Infrastructure | Outcomes it contributes directly to: Economic and State sector performance |
|
Scope of the priority:
|
|
