New Zealand Treasury

The Treasury
Te Tai Ōhanga

Agency overview
Formed	1840
Jurisdiction	New Zealand
Headquarters	Level 3, 1 The Terrace, Wellington 6011
Employees	529
Annual budget	Vote Finance Total budget for 2019/20 $6,149,948,000[1]
Minister responsible	Hon Nicola Willis, Minister of Finance[2]
Agency executive	Caralee McLiesh, Chief Executive and Secretary
Website	treasury.govt.nz

The New Zealand Treasury (Māori: Te Tai Ōhanga) is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources. The Minister responsible for the Treasury is the Minister of Finance of New Zealand; however, from 1996 to 2002, there existed a more specific position of Treasurer of New Zealand. The role was created for Winston Peters by the Fourth National Government under Jim Bolger after the 1996 election, and abolished by Helen Clark’s government in 2002.

Treasury has four main functions:

• Provide advice to improve economic and fiscal conditions for high levels of economic growth and improved living standards.
• Monitor and manage the financial affairs of the Crown.
• Assess and test other Government agencies’ advice and proposals that have economic and financial implications.
• Provide leadership, with other central agencies, to develop a high-performing State sector.