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Statement of Intent 2014-2019

Nature and Scope of Functions


The Treasury's vision is to be a world class Treasury working towards higher living standards for New Zealanders.


To achieve its vision the Treasury focuses on three high-level outcomes:

  • Improved Economic Performance
  • A Higher Performing State Sector that New Zealanders Trust, Delivering Outstanding Results and Value for Money
  • A Stable and Sustainable Macroeconomic Environment

To achieve the Treasury's vision and outcomes, it needs to be a high-performing organisation driven by a strong set of values and culture, with the right capability and capacity now and into the future.


The Treasury achieves its vision and outcomes through its five core functions:

  • Economic policy advice: we are the lead advisor for 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 outstanding 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 (eg, financial markets, assets) and provide financial operational services through the Treasury's Debt Management Office (NZDMO) and Export Credit Office (NZECO).
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