All New Releases - The Treasury

Budget Policy Statement 2011

Released 14 Dec 2010. The government's Budget Policy Statement 2011 was published today conjointly with the Treasury's Half Year Economic and Fiscal Update (HYEFU) 2010.

Media Statement: Original Retail Deposit Guarantee Scheme payments completed

Released 8 Dec 2010. More than 38,000 depositors have been paid under the original Retail Deposit Guarantee Scheme that expired this year, after the finance companies they invested with defaulted on their obligations.

Media Advisory: Release of paper examining New Zealand's real interest rate premium

Released 1 Dec 2010. The Treasury released a research paper which outlines an analytical framework to answer the question as to why inflation-adjusted interest rates have on average been higher in New Zealand than in most OECD countries over the past couple of decades.

Media Advisory: Release of paper - Estimating New Zealand's Structural Budget Balance

Released 29 Nov 2010. The Treasury released a research paper which reviews the method for estimating the structural budget balance of the New Zealand government.

Media Statement: Eligible deposits with Equitable Mortgages protected by Crown guarantee

Released 26 Nov 2010. Eligible depositors with Equitable Mortgages Limited can claim repayment from the Crown, Treasury Deputy Secretary Financial Operations Phil Combes said today.

Media Advisory: Release of paper examining the evolution, performance of New Zealand fiscal institutions

Released 26 Nov 2010. The Treasury released a research paper that assesses the evolution and recent performance of New Zealand’s fiscal institutions and fiscal policy-making framework.

Speech by Gabriel Makhlouf - Public Sector Management: A Treasury Perspective on Contracting for Outcomes and Managing Risks

The Treasury has released a speech delivered by Gabriel Makhlouf, Deputy Chief Executive of the Treasury, at the Institute of Internal Auditors conference in Wellington on 24 November 2010.

Speech by John Whitehead - Lifting New Zealand’s Economic Growth

Speech delivered by John Whitehead, Secretary to the Treasury, on 24 November 2010 at Russell McVeagh, Auckland.

Media Statement: Increased Savings a Critical Issue for New Zealand (Savings Working Group)

Released 23 Nov 2010. Shifting the structure of the New Zealand economy towards exports and savings, and lifting productivity, especially in the government sector, are critical issues for New Zealand.

Speech by John Whitehead - Macroeconomic Policy: Making it Work for New Zealand

Speech delivered by John Whitehead, Secretary to the Treasury, on 18 November 2010 at the Institute of Policy Studies, Wellington.

Preparing the Statement of Intent: Guidance and Requirements for Crown Entities

Released 17 Nov 2010. The Treasury has published updated guidance for Crown Entities on the prepaing their statement of intent (SOI).

Media Statement: Treasury researchers probe data about health, wealth, work and retirement

Released 16 Nov 2010. The Treasury today published five working papers that look at health, wealth, work and retirement.

Savings Working Group - Background Papers Released

Released 11 Nov 2010. The Savings Working Group has been considering a wide range of information in its deliberations so far. Background material prepared for the Group has been released by the Savings Working Group to help stimulate public discussion on issues of national saving in the New Zealand economy.

Review of Overseas Investment 2009/10 - Information Release

Released 9 November 2010. On 17 March 2009 the Government announced it would review the Overseas Investment Act 2005 and the Overseas Investment Regulations 2005. On 27 September 2010, the Minister of Finance announced the completion and conclusions of the review. The Treasury has released documents (Treasury reports, Cabinet papers and public submissions) relating to the review.

Speech by Struan Little - Role of Innovation in Economic Growth in a New Zealand Context

Speech delivered by Struan Little, Deputy Secretary to the Treasury, on 21 October 2010 to New Zealand Association of Scientists Annual Conference, Wellington.

Media Statement: Treasury Secretary nominated to World Bank

The Government will nominate Secretary to the Treasury, John Whitehead, as an executive director to the World Bank, Finance Minister Bill English says.

Media Advisory: Release of research paper into New Zealand’s labour productivity performance compared with Australia’s

Released 20 Oct 2010. The Treasury and Statistics New Zealand today released a joint research paper drawing on analysis of various measures of labour productivity performance in New Zealand and Australia over the past 40 years.

Media Advisory: South Canterbury Finance Documents Published

Released 15 Oct 2010. The Treasury today published documents relating to South Canterbury Finance’s participation in the recently expired Retail Deposit Guarantee Scheme.

Media Statement: Deposit Guarantee Scheme to End Next Week

Released 8 Oct 2010. The current Retail Deposit Guarantee Scheme ends on 12 October 2010. Deposits with institutions approved for the current guarantee scheme will no longer be guaranteed by the Crown for any default that happens after 11 October 2010.

Draft PPP Standard Contract for Market Consultation (National Infrastructure Unit)

Released 7 Oct 2010. The Draft PPP Standard Contract is now released for market consultation. The closing date for market submissions is 5 November 2010. The Draft PPP Standard Contract is published on the website of the National Infrastructure Unit.

Regulatory Impact Statement Assessments November 2008 to August 2010

Released 4 Oct 2010. The Treasury has released a summary of its assessments of the quality of regulatory impact statements (RISs) assessed by RIAT between November 2008 and August 2010.

Preparing the Statement of Intent: Guidance and Requirements for Departments

Released 28 Sep 2010. The Treasury has published updated guidance for departments on the prepaing their statement of intent (SOI).

Economic Brief: Economic Impact of the Canterbury Earthquake

Released 13 Sep 2010. The Treasury has released an Economic Brief it prepared for the Minister of Finance on the economic impact of the Canterbury earthquake.

Treasury Discussion Document: Saving in New Zealand - Issues and Options

Released 8 Sep 2010. The Treasury has released a discussion document, Saving in New Zealand - Issues and Options, to assist the independent Savings Working Group in its work examining options to strengthen national savings. A media briefing was held at the Treasury today and the presentation slides used by the Secretary to the Treasury are available.

Media Statement: Savings Working Group starts with the Big Picture (Savings Working Group)

Released 7 Sep 2010. The Savings Working Group focused at its first meeting on New Zealand’s immediate economic situation and the challenges it poses for our future.

Media Statement: A Guaranteed Reality Check

Released 6 Sep 2010. In the wake of the South Canterbury Finance receivership, Treasury Deputy Chief Executive Gabriel Makhlouf provided the following article to newspapers around New Zealand.

Media Statement: The Treasury Appoints Non-Executives to Its Board

Released 1 Sep 2010. Secretary to the Treasury John Whitehead today announced the appointment of three non-executive directors to its Board.

Media Statement: Crown secures position in South Canterbury receivership and moves to repay all depositors of defaulting guaranteed companies

Released 31 Aug 2010. The Crown is facilitating repayment of all of South Canterbury Finance’s prior-ranking debts along with all debt-security holders in order to put itself first in line to be repaid by the company’s receivers, behind those protected by statute.

Media Statement: All South Canterbury Finance depositors to be repaid under Crown guarantee

Released 31 Aug 2010. All depositors on South Canterbury Finance Ltd’s register of debt securities will be repaid by the Crown, Acting Secretary to the Treasury Gabriel Makhlouf said today.

Savings Working Group Terms of Reference

Released 24 Aug 2010. The Treasury has prepared a home page for the Savings Working Group that has been established by the government. Its terms of reference is available.

Better Business Cases for Capital Proposals Toolkit (National Infrastructure Unit)

Released 24 Aug 2010. The government wants to improve the quality of analysis and decision-making around State sector capital proposals. A new process will assist this through clear rules and expectations and clear guidance. The Treasury's guidance is published on the website of the National Infrastructure Unit.

Media Statement: Allied Nationwide Finance depositors covered by Crown guarantee

Released 20 Aug 2010. All eligible Allied Nationwide Finance depositors will get the money they are entitled to under the Crown retail deposit guarantee scheme, Treasury Deputy Secretary Financial Operations Philip Combes said today.

Speech: Public Sector Performance

Released 19 Aug 2010. The Treasury has released a speech delivered by John Whitehead, Secretary to the Treasury, at the Public Sector Chief Financial Officers’ Forum on 19 Aug 2010.

Review of Expenditure on Policy Advice

Released 3 Aug 2010. The Government has established an externally-led Review of Expenditure on Policy Advice. The purpose of this review is to provide recommendations to the Minister of Finance, the Minister of State Services, the Hon Rodney Hide and other relevant Ministers on the scope for refocusing and/or reducing total government expenditure on policy advice to ensure high professional standards, cost effectiveness and strong alignment with government policy priorities.

Speech: Long-term Fiscal Outlook - A View from the Treasury

Released 22 Jul 2010. The Treasury has released a speech delivered by Gabriel Makhlouf, Treasury Deputy Chief Executive, on Thursday 22 July 2010 at the Conference on Retirement Income Policy and Intergenerational Equity.

Media Statement: School property PPP moves to next stage

The Government is taking the next step towards a public-private partnership for building and maintaining some new school property, Infrastructure Minister Bill English and Education Minister Anne Tolley announced today.

Media Statement: Good progress on Crown guarantee repayments to depositors

The Treasury is making good progress with repayments to eligible depositors of Crown guaranteed companies that have defaulted, paying $79.1 million of principal and interest to date.

Media Statement: Crown's guarantee scheme covers Mutual Finance depositors

Released 14 Jul 2010.

Budget 2010 Information Release

Released 8 Jul 2010. The Treasury has released background documents relating to Budget 2010. Documents released include Cabinet papers and minutes, reports to Ministers from officials, Vote Ministers’ Baseline Alignment Proposals and other relevant documents prepared during the Budget 2010 decision-making process.

Discount Rates and CPI Assumptions for Accounting Valuation Purposes

Released 7 Jul 2010. The Treasury has published a table of risk-free discount rates and consumer price index (CPI) assumptions that must be used in certain accounting valuations for the purpose of preparing the Financial Statements of the Government of New Zealand.