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Working paper

Objectives, Targets and Instruments for Crown Financial Policy (WP 03/21)

Issue date: 
Monday, 1 September 2003
View point: 
Publication category: 
JEL classification: 
H11 - Structure, Scope, and Performance of Government
H63 - National Debt; Debt Management; Sovereign Debt

Formats and related files

Crown financial policy is concerned with how the government manages the Crown’s assets and liabilities.


I wish to thank John Carran, Aaron Gill, Arthur Grimes, Greg Horman, John Janssen, Struan Little, Brian McCulloch, Tim Ng and Grant Scobie for their comments on an earlier version of this paper. All errors remain my responsibility.


This paper was written while the author was on the staff of the New Zealand Treasury. The views expressed in this Working Paper are those of the author and do not necessarily reflect the views of the New Zealand Treasury. The paper is presented not as policy, but with a view to inform and stimulate wider debate.

Last updated: 
Wednesday, 24 October 2007