The Treasury is the Government’s lead economic and financial adviser.
Our vision is to be a world-leading Treasury working towards higher living standards for New Zealanders.
It’s important that New Zealand’s economy supports higher living standards for this and future generations, and that all New Zealanders can play their role in the economy and society. We want New Zealand to be prosperous, and for that prosperity to be sustainable and inclusive.
We provide strategic policy advice on the New Zealand economy and produce a range of publications and economic data. We also monitor and manage the financial affairs of the Government; assess public sector proposals which have economic and financial implications; and deliver operational services through the:
we are one of three central agencies jointly responsible for providing leadership, coordination and monitoring across the entire public sector.
There are three key outcomes that the Treasury works towards in order to raise living standards:
It is critical that we continue to advise effectively on policies and strategies that matter for New Zealand’s long-term economic performance, that help maintain a stable and sustainable economy, and that support government agencies to build their capability to better deliver results.
Resources on the various aspects of our work can be found throughout this website, including information on:
Driving what we do is our vision to be a world-leading Treasury working toward higher living standards for New Zealanders.
We recognise that living standards are affected by physical and financial resources such as infrastructure, housing, income and savings; people’s health, education and skills; social institutions and conventions; and natural resources such as quality water, a stable climate and biodiversity. This thinking is at the heart of our Living Standards Framework, a tool we use to help us advise governments about how the policy trade-offs they make are likely to affect everyone’s living standards.
We also recognise that a broad view and an enquiring mind are essential for us to be a world-leading Treasury. Real-world challenges have encouraged us to diversify our thinking, to be more outwardly focused and collaborative, and to foster and harness greater diversity in the people who work for us. For more information on how we are thinking, acting and engaging differently see the following speech.
The Treasury was established in the same year the Treaty of Waitangi was signed and we place great respect on New Zealand’s bicultural foundations. This is symbolised by our wharenui, built in 1991, and our reo Māori name.
In his speech to mark the reawakening of our wharenui in 2019, Secretary to the Treasury Gabriel Makhlouf spoke about the meaning and relevance of this name to the Treasury and its work.
The Venerable Don Rangi QSM, Treasury's former kaumatua and a staff member for 54 years, talks in this video about the significance of our wharenui for everyone at the Treasury - Te Tai Ōhanga.