The Treasury provides the Government with strategic policy advice on the New Zealand economy and produces a range of publications and economic data to this end.
New Zealand has a mixed economy which operates on free market principles. It has sizeable manufacturing and service sectors complementing a highly efficient agricultural sector. Exports of goods and services account for around one third of real expenditure GDP.
The Treasury's Role
The Treasury is the Government’s lead economic and financial adviser, providing strategic advice on the current and future New Zealand economy. Its role is to help the Government achieve higher living standards for New Zealanders.
The Treasury focuses its efforts in a number of key areas that support the Government’s goals and have a positive impact on the lives of New Zealanders. These outcomes – economic performance, macroeconomic stability and state sector performance – are closely linked and reflect the issues that the Treasury considers most important for economic growth – enhancing productivity growth, maintaining fiscal stability and lifting the performance of the state sector.
The Treasury also monitors and manages the financial affairs of the Government, and assesses public sector proposals which have economic and financial implications.
The Treasury, as one of three central agencies, is jointly responsible for providing leadership, coordination and monitoring across the entire public sector. This is along with the: