Treasury Circulars provide guidance and instructional information to departments, Crown entities and State-owned enterprises (SOEs) and request financial information from those agencies.
Treasury Circulars are usually addressed to Chief Executives/Chief Financial Officers (CEs/CFOs). They may cover matters that are outside the scope of Treasury Instructions, such as the budget timetable. Since Treasury Instructions are updated annually, Treasury Circulars may also cover matters that are to take effect immediately (but may later be incorporated within Treasury Instructions as part of an annual update).
For more information on the purpose of Treasury Circulars, see the Treasury Instructions section 1.9 - Relationship between Treasury Instructions and Treasury Circulars.
Only current Treasury Circulars are listed here. Some of the Treasury Circulars listed here contain sensitive information so are not available on this website. All Treasury Circulars are accessible to agencies through their finance team which will have access to CFISnet.
| Doc. Date | Title / Download |
|---|---|
| 14 Mar 2025 | Treasury Circular 2025/04: March 2025 Quarterly Investment Reporting Process (Restricted distribution. Not available on website.) |
| 24 Jan 2025 | Treasury Circular 2025/03: Budget 2025: Process Guidance and Timetable (Restricted distribution. Not available on website.) |
| 24 Jan 2025 | Treasury Circular 2025/02: 2025 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 17 Jan 2025 | Treasury Circular 2025/01: Chief Executive Attestation Report Back for March 2025 (Restricted distribution. Not available on website.) |
| 16 Dec 2024 | Treasury Circular 2024/20: December 2024 Quarterly Investment Reporting Process (Restricted distribution. Not available on website.) |
| 29 Nov 2024 | Treasury Circular 2024/19: The Crown Infrastructure Delivery Limited Mandate |
| 29 Nov 2024 | Treasury Circular 2024/18: National Infrastructure Funding and Financing Limited Mandate |
| 18 Nov 2024 | Treasury Circular 2024/17: Budget 2025: Guidance for Agencies (Restricted distribution. Not available on website.) |
| 4 Oct 2024 | Treasury Circular 2024/16: 2024/25 Reporting to Treasury's Commercial and Institutional Performance (ComOps) (Restricted distribution. Not available on website.) |
| 1 Oct 2024 | Treasury Circular 2024/15: Updated Public Sector Discount Rates for Cost Benefit Analysis |
| 9 Sep 2024 | Treasury Circular 2024/14: September 2024 Quarterly Investment Report (Restricted distribution. Not available on website.) |
| 28 Aug 2024 | Treasury Circular 2024/13: 2024 Half Year Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 28 Aug 2024 | Treasury Circular 2024/12: October Baseline Update 2024 and Specific Fiscal Risk Requirements for HYEFU 2024 |
| 1 Aug 2024 | Treasury Circular 2024/11: Performance Plans – Requirements and Guidance (Restricted distribution. Not available on website.) |
| 14 Jun 2024 | Treasury Circular 2024/10: Chief Executive Attestation Process for FY23/24 (Restricted distribution. Not available on website.) |
| 14 Jun 2024 | Treasury Circular 2024/09: June 2024 Quarterly Investment Reporting Process (Restricted distribution. Not available on website.) |
| 28 May 2024 | Treasury Circular 2024/08: 2023/24 Year End Crown Reporting Requirements – ‘C’ Stream State-Owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 27 May 2024 | Treasury Circular 2024/07: 2023/24 Year End - Crown Reporting Requirements and 2024/25 Monthly Actuals Timetable (Restricted distribution. Not available on website.) |
| 10 May 2024 | Treasury Circular 2024/06: Unappropriated Expenses and Capital Expenditure or Unauthorised Capital Injections for 2023/24 |
| 24 Apr 2024 | Treasury Circular 2024/05: 2024 Internal Control Assessment Tool - Evaluating the Internal Control Environment |
| 4 Mar 2024 | Treasury Circular 2024/04: Budget 2024: Process Guidance and Timetable (Restricted distribution. Not available on website.) |
| 31 Jan 2024 | Treasury Circular 2024/03: Budget 2024: March Baseline Update and Specific Risk Guidance for Departments (Restricted distribution. Not available on website.) |
| 30 Jan 2024 | Treasury Circular 2024/02: 2024 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 26 Jan 2024 | Treasury Circular 2024/01: Capital Process for Budget 2024 (Restricted distribution. Not available on website.) |
| 21 Dec 2023 | Treasury Circular 2023/15: Budget 2024: Guidance for Agencies (Restricted distribution. Not available on website.) |
| 9 Oct 2023 | Treasury Circular 2023/14: 2023/24 Reporting to Treasury's Commercial and Institutional Performance (ComOps) (Restricted distribution. Not available on website.) |
| 5 Oct 2023 | Treasury Circular 2023/13: Baseline Savings Exercise 2023 (Restricted distribution. Not available on website.) |
| 19 Sep 2023 | Treasury Circular 2023/12: 2023 Half Year Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 19 Sep 2023 | Treasury Circular 2023/11: October Baseline Update 2023 and Specific Fiscal Risk Requirements for HYEFU 2023 |
| 11 Aug 2023 | Treasury Circular 2023/10: New Requirements for Out-of-Cycle Funding Requests (Restricted distribution. Not available on website.) |
| 16 Jun 2023 | Treasury Circular 2023/09: Guidance for applying PBE FRS 48 service performance reporting to annual reports and end-of-year reporting |
| 9 Jun 2023 | Treasury Circular 2023/08: 2022/23 Year-End Crown Reporting Requirements - 'C' Stream State-Owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 9 Jun 2023 | Treasury Circular 2023/07: 2022/23 Year End - Crown Reporting Requirements and 2023/24 Monthly Actuals Timetable (Restricted distribution. Not available on website.) |
| 17 May 2023 | Treasury Circular 2023/06: 2023 Internal Control Assessment Tool - Evaluating the Internal Control Environment |
| 17 May 2023 | Treasury Circular 2023/05: June Technical Adjustment Process 2023 (Restricted distribution. Not available on website.) |
| 15 May 2023 | Treasury Circular 2023/04: 2023 Pre-Election Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 5 May 2023 | Treasury Circular 2023/03: Unappropriated Expenses and Capital Expenditure or Unauthorised Capital Injections for 2022/23 |
| 7 Mar 2023 | Treasury Circular 2023/02: North Island Weather Events Omnibus Phase 1 Process (Restricted distribution. Not available on website.) |
| 13 Jan 2023 | Treasury Circular 2023/01: 2023 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 20 Dec 2022 | Treasury Circular 2022/12: Budget 2023: Process Guidance and Timetable (Restricted distribution. Not available on website.) |
| 2 Nov 2022 | Treasury Circular 2022/11: Wellbeing Budget 2023 Guidance for Agencies (Restricted distribution. Not available on website.) |
| 10 Oct 2022 | Treasury Circular 2022/10: Reporting to Treasury's Commercial Performance (ComOps) (Restricted distribution. Not available on website.) |
| 9 Sep 2022 | Treasury Circular 2022/09: 2022 Half Year Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 8 Sep 2022 | Treasury Circular 2022/08: Budget 2023 Investment Panel process (Restricted distribution. Not available on website.) |
| 8 Sep 2022 | Treasury Circular 2022/07: Cost Escalation Claims process for invited agencies (Restricted distribution. Not available on website.) |
| 2 Sep 2022 | Treasury Circular 2022/06: October Baseline Update 2022 and Specific Fiscal Risk Requirements for HYEFU 2022 |
| 3 Jun 2022 | Treasury Circular 2022/05: 2021/22 Year-end Crown Reporting Requirements - 'C' Stream State-owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 2 Jun 2022 | Treasury Circular 2022/04: 2021/22 Year-end - Crown Reporting Requirements and 2022/23 Monthly Actuals Timetable (Restricted distribution. Not available on website.) |
| 12 May 2022 | Treasury Circular 2022/03: 2022 Internal Control Assessment Tool - Evaluating the Internal Control Environment |
| 5 May 2022 | Treasury Circular 2022/02: Unappropriated Expenses and Capital Expenditure or Unauthorised Capital Injections for 2021/22 |
| 1 Mar 2022 | Treasury Circular 2022/01: Accounting for Software as a Service (SaaS) (Restricted distribution. Not available on website.) |
| 20 Dec 2021 | Treasury Circular 2021/13: Budget 2022: Process Guidance and Timetable (Restricted distribution. Not available on website.) |
| 11 Oct 2021 | Treasury Circular 2021/11: 2021/22 Reporting to Treasury's Commercial Performance (ComOps) (Restricted distribution. Not available on website.) |
| 30 Sep 2021 | Treasury Circular 2021/10: Budget 2022 - Guidance for Agencies (Restricted distribution. Not available on website.) |
| 9 Sep 2021 | Treasury Circular 2021/09: 2021 Half Year Economic and Fiscal Update Requirements (HYEFU) (Restricted distribution. Not available on website.) |
| 8 Sep 2021 | Treasury Circular 2021/08: Budget 2022 Approach for the Justice and Natural Resources Clusters (Restricted distribution. Not available on website.) |
| 6 Sep 2021 | Treasury Circular 2021/07: October Baseline Update 2021 and Specific Fiscal Risk Requirements for HYEFU 2021 |
| 31 May 2021 | Treasury Circular 2021/06: Crown Reporting Requirements: 2021 Year End for Stream C State-Owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 31 May 2021 | Treasury Circular 2021/05: June 2021 Year End and 2021/22 Monthly Actuals Requirements (Restricted distribution. Not available on website.) |
| 13 May 2021 | Treasury Circular 2021/04: 2021 Internal Control Assessment Tool (ICAT) – Evaluating The Internal Control Environment |
| 5 May 2021 | Treasury Circular 2021/03: Unappropriated Expenses and Capital Expenditure or Unauthorised Capital Injections for 2020/21 |
| 26 Jan 2021 | Treasury Circular 2021/02: 2021 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 21 Jan 2021 | Treasury Circular 2021/01: Budget 2021 Timetable and Technical Requirements for Departments (Restricted distribution. Not available on website.) |
| 11 Dec 2020 | Treasury Circular 2020/15: Budget 2021: Requirements and Timeline for Budget 2021 Initiatives (Restricted distribution. Not available on website.) |
| 5 Oct 2020 | Treasury Circular 2020/14: 2020/21 Reporting to Treasury's Commercial Performance (ComOps) (Restricted distribution. Not available on website.) |
| 1 Oct 2020 | Treasury Circular 2020/13: 2020 Half Year Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 22 Sep 2020 | Treasury Circular 2020/12: October Baseline Update 2020 and Specific Fiscal Risk Requirements for HYEFU 2020 and Further Requirements for Confirming Unappropriated Expenses and Capital Expenditure for 2019/20 (Restricted distribution. Not available on website.) |
| 19 Aug 2020 | Treasury Circular 2020/11: Additional Requirements for the 2020 Pre-Election Economic and Fiscal Update (Restricted distribution. Not available on website.) |
| 9 Jun 2020 | Treasury Circular 2020/10: Approval Process for COVID-19 Related Expenses (Restricted distribution. Not available on website.) |
| 5 Jun 2020 | Treasury Circular 2020/09: 2020 Pre-Election Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 27 May 2020 | Treasury Circular 2020/08: Crown Reporting Requirements: 2020 Year End for Stream C State Owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 26 May 2020 | Treasury Circular 2020/07: 30 June 2020 Year End and 2020/21 Monthly Actuals Requirements (Restricted distribution. Not available on website.) |
| 7 May 2020 | Treasury Circular 2020/05: 2020 Internal Control Assessment Tool (ICAT) – Evaluating The Internal Control Environment |
| 23 Apr 2020 | Treasury Circular 2020/03: Update of Approval Process for COVID-19 Related Expenses (Restricted distribution. Not available on website.) |
| 30 Mar 2020 | Treasury Circular 2020/02: Approval Process for COVID-19 Related Expenditure (Restricted distribution. Not available on website.) |
| 23 Jan 2020 | Treasury Circular 2020/01: 2020 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 18 Dec 2019 | Treasury Circular 2019/12: Budget 2020 - Timetable and Technical Requirements for Agencies (Restricted distribution. Not available on website.) |
| 3 Oct 2019 | Treasury Circular 2019/20: Reporting to Treasury's Commercial Operations Group (ComOps) (Restricted distribution. Not available on website.) |
| 24 Sep 2019 | Treasury Circular 2019/10: Budget 2020: Requirements and Timeline for Budget 2020 Initiatives (Restricted distribution. Not available on website.) |
| 17 Sep 2019 | Treasury Circular 2019/09: 2019 Half Year Economic and Fiscal Update Requirements (HYEFU) (Restricted distribution. Not available on website.) |
| 17 Sep 2019 | Treasury Circular 2019/08: October Baseline Update and Specific Fiscal Risk Requirements 2019 |
| 25 Jun 2019 | Treasury circular 2019/07: Crown Reporting Requirements: 2019 Year End for Stream C State-owned Enterprises and Crown Entities (Restricted distribution. Not available on website.) |
| 18 Jun 2019 | Treasury Circular 2019/06: 30 June 2019 Year End and 2019/20 Monthly Actuals Requirements (Restricted distribution. Not available on website.) |
| 17 Jun 2019 | Treasury Circular 2019/05: Updates to CFISnet DataLoad Schedules and PBE IFRS 9 – Financial Instruments Adoption Year-End Requirements (Restricted distribution. Not available on website.) |
| 14 May 2019 | Treasury Circular 2019/04: Unappropriated Expenses and Capital Expenditure 2018/19 |
| 9 Apr 2019 | Treasury Circular 2019/03: 2019 Internal Control Assessment Tool (ICAT) - Evaluating the Internal Control Environment |
| 22 Feb 2019 | Treasury Circular 2019/02: Budget 2019 – Updated Timetable (Restricted distribution. Not available on website.) |
| 15 Jan 2019 | Treasury Circular 2019/01: 2019 Budget Economic and Fiscal Update Requirements (Restricted distribution. Not available on website.) |
| 20 Dec 2018 | Treasury Circular 2018/14: Budget 2019 - Timetable and technical requirements for Agencies (Restricted distribution. Not available on website.) |
| 5 Oct 2018 | Treasury Circular 2018/13: 2018/19 Reporting to Treasury's Commercial Operations Group (ComOps) (Restricted distribution. Not available on website.) |
| 24 Sep 2018 | Treasury Circular 2018/12: Updates to CFISnet DataLoad Schedules and PBE IFRS 9 – Financial Instruments Adoption Interim Requirements (Restricted distribution. Not available on website.) |
| 19 Sep 2018 | Treasury Circular 2018/11: Budget 2019: Requirements and Timeline for Budget 2019 Initiatives (Restricted distribution. Not available on website.) |
| 7 Sep 2018 | Treasury Circular 2018/09: October Baseline Update and Specific Fiscal Risk Requirements 2018 |
| 7 Sep 2018 | Treasury Circular 2018/09: Baseline Updates and Specific Fiscal Risks: Guidance for agencies |
| 9 Jul 2018 | Treasury Circular 2018/08: Crown Reporting: Administration and Use of appropriations (Restricted distribution. Not available on website.) |
| 22 Mar 2018 | Treasury Circular 2018/03: Crown Reporting: Guidance for Accounting for Financial Instruments Under PBI IFRS 9 for Non-Financial Entities and Updated Guidance for Measuring Remeasurements (PDF, 170KB) |
| 14 Aug 2017 | Treasury Circular 2017/09: Early Adoption of PBE IFRS 9 Financial Instruments (PDF, 213KB) |
| 29 Oct 2015 | Treasury Circular 2015/16: Budget 2016: Business Growth Agenda Process: Additional Information for Agencies Released (Restricted distribution. Not available on website.) |
| 22 Oct 2015 | Treasury Circular 2015/15: Budget 2016: Revised Cost Benefit Analysis Template, and Final CBAX Tool and User Guide Released (Restricted distribution. Not available on website.) |
| 17 Sep 2015 | Treasury Circular 2015/13: Budget 2016: CBAx Cost Benefit Analysis Tool (Restricted distribution. Not available on website.) |
| 28 Jun 2013 | Treasury Circular 2013/07: Financial Reporting - Variance Reporting (PDF, 192KB) |
| 16 Sep 2011 | Treasury Circular 2011/10: Guidance for the Operation of Departmental Memorandum Accounts (PDF, 685KB) |
| 2 Sep 2010 | Treasury Circular 2010/10: Ministerial Certification of Related Party Transactions (PDF, 290KB) |
| 25 Sep 2009 | Treasury Circular 2009/16: Addressing Reductions in Third Party Revenue Resulting from the Economic Downturn (PDF, 265KB) |
| 21 Sep 2009 | Treasury Circular 2009/13: Improvement Required in Monthly Variance Reporting (PDF, 364KB) |
| 15 Jun 2009 | Treasury Circular 2009/06: Calculating Long Service Leave Liabilities for Crown Reporting Entities (PDF, 132KB) [Note: The Long Service Leave and Retiring Leave models are not attached as they are protected by Crown copyright] |
| 23 Jul 2008 | Treasury Circular 2008/10: Reporting KiwiSaver Employer Expenses and Subsidies (PDF, 69KB) |
| 31 Aug 2007 | Treasury Circular 2007/12: Monthly Variance Reporting to Treasury (PDF, 95KB) |
| 9 Mar 2007 | Treasury Circular 2007/04: Guidance on Forecasting Policies Financial Instruments Under NZ IFRS (PDF, 86KB) |
| 14 Jul 2005 | Treasury Circular 2005/11: Guidance on GST for Non-Departmental Operations (PDF, 54KB) |
| 1 Dec 2003 | Treasury Circular 2003/12: Update of the Guidelines for the Management of Crown and Departmental Foreign-Exchange Exposure (PDF, 66KB) |