Treasury sets out annual plan

'Challenges lie ahead' warns Allinson

Treasury is setting out its annual plan which includes 'developments and improvements' that it strives to implement in the coming year.

Minister Alex Allinson's foreword acknowledges that 'challenges lie ahead', but adds "the Council of Ministers and Treasury are demanding more focused attention from departments to ensure services are delivered within budget".

The plan sets out an overview of Treasury's key objectives and improvements it's expected to target over the next 12 months.

Throughout 2024/25, Treasury hopes to create:

• A stable economic environment
• A balanced economy with growth providing support and opportunity
• Sustainable public finances
• To ensure Treasury is a high performing professional organisation

Chief Financial Officer Caldric Randall believes achieving these objectives "is more important than ever given the difficult financial position following the pandemic and more recent events which led to a period of economic uncertainty that have not been experienced for decades."

The report says delivery of these objectives requires consideration of:

• Fiscal Strategy
• Taxation Strategy
• Welfare Strategy

The full report can be seen HERE.

Politicians voted in favour of the plan.