Our objectives and functions

Our key business objectives are:

• fiscal, monetary and regulatory frameworks result in a stable and sustainable economic environment
• the Crown’s finances and the financial and non-financial balance sheet are managed efficiently, effectively and sustainably, and
• institutional and regulatory settings support the state sector system to increase equitable, intergenerational wellbeing for New Zealanders.

The Treasury’s core statutory and operational responsibilities include:

• lead economic and financial adviser to the Government and steward of the public sector financial management and regulatory systems
• manage state sector and public finances
  • manage the balance sheet
  • produce the Government’s monthly and annual financial statements
  • produce economic and fiscal forecasts
  • produce the Long-term Fiscal Statement
  • produce the Investment Statement, and
  • tax strategy
• manage investment and asset performance
• provide commercial policy advice and execute commercial transactions
• manage government borrowing requirements and associated financial market activities – cash management, Crown lending, capital markets advice and risk management
• provide financial guarantees and trade credit insurance to promote and support New Zealand exports, and
• central agency role – alongside Department of the Prime Minister and Cabinet (DPMC) and the State Services Commission (SSC) – providing State sector leadership.