Higher living standards

As the Government’s lead economic adviser, the Treasury is working to lift living standards for all New Zealanders.

The Treasury analyses a broad range of evidence to ensure that the economic and financial advice we provide to the government of the day is rigorous and considers a broad range of wellbeing impacts – impacts across the things that matter most for New Zealanders’ living standards – now and into the future.

To help us do this, the Treasury uses its Living Standards Framework (LSF) and He Ara Waiora.

The LSF supports the quality of the Treasury’s advice by providing a framework to consider the broader impacts of our policy advice in a systematic and evidenced way.

He Ara Waiora is a framework that helps us understand a Māori perspective on wellbeing.