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Statement of Intent 2014-2019

Foreword: Minister of Finance

The Treasury plays a key role in New Zealand's public service, as the Government's lead economic and financial advisor, and as one of the central agencies responsible for leading the State sector to achieve higher levels of performance.

As with other public service agencies, the Government is looking for the Treasury to make a step-change in how it approaches its work, as part of our plan to build a brighter future for New Zealand. While New Zealand is entering a period of stronger economic performance, to realise our aspirations over the long-term we need:

  • a more competitive and productive economy
  • a strong financial position that enables us to weather global downturns and unexpected shocks, and
  • a public sector that delivers better services, more efficiently.

To achieve these goals we need to tackle some longstanding policy challenges, and we need government agencies to have a stronger focus on the customers and populations they serve.

In this context, I'm pleased to see that in this Statement of Intent the Treasury has signalled a commitment to seeking out new ideas and partnering with other organisations as it supports the Government's priorities. This is essential if we're going to achieve real transformation in the economy and the public service, and has the potential to deliver world-leading policy solutions.

The Treasury has also undertaken to invest in its own core capabilities so that its advice to government is based on a richer understanding of the economy, the Crown's assets and liabilities, and where the taxpayer will get best value from spending. This investment is essential to the Treasury's ability to respond to government objectives and lead change across the State sector over the long-term.

I am satisfied that the information on strategic intentions prepared by the Treasury is consistent with the policies and performance expectations of the Government.

Hon Bill English
Minister of Finance

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