Formats and related files
Presented to the House of Representatives Pursuant to Section 26NA of the Public Finance Act 1989.
He Puna Hao Pātiki is the New Zealand Treasury’s 2018 Investment Statement. It analyses the government balance sheet – which represents the investment made by government on behalf of New Zealanders in things like schools, hospitals, financial assets and commercial enterprises.
Managed effectively, a strong balance sheet supports a country’s ability to withstand and bounce back from events that might otherwise seriously impede the ongoing delivery of public services and access to borrowing. So appraising the balance sheet by looking at a range of factors like the long-term fiscal outlook, stress-testing and value at risk, provides important information about a country’s fiscal sustainability.
Fiscal sustainability is not an end in itself. It is a tool to support the wellbeing of current and future generations, including helping to achieve social and environmental goals. That’s why, in addition to appraising the strength of the Government of New Zealand’s balance sheet, the 2018 Investment Statement explores how government assets can more effectively contribute to wellbeing.
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Table of Contents
- Executive summary
- Whakarāpopototanga matua
- About the design elements
- Section one: Managing the balance sheet
- Section two: Assessing the performance of government investment
- Section three: Pursuing distant horizons
- Section four: Detailed sector performance
- Conclusion: The road ahead
- Appendix 1
- Appendix 2: Glossary
- Appendix 3: Reference List