Our vision and strategy

Our vision

Our vision is to be trusted by government as its primary source of financial and economic advice.

Government has a great many sources of advice, inside and outside the public sector.

We seek to be trusted as its primary source of advice on public finances and the economy because of the quality, relevance and impartiality of our work.

We do this by:

• leading innovative policy design
• providing rigorous, impartial and evidence-based advice
• implementing government decisions
• executing strategic programs and projects
• providing transparency to the public on the use of public resources.

We work in collaboration with our partners and in consultation with stakeholders and the community.

Our purpose

Our purpose is to shape a thriving, resilient and prosperous economy for NSW.

A robust economy improves living standards, provides opportunities for fulfilling and meaningful work, and enables government to fund high-quality public services and foster equality of opportunity for people in NSW.

Our objectives

Objective 1: Enabling economic prosperity and wellbeing

We provide policy guidance and advice to increase economic prosperity and foster equality of opportunity for people in NSW.

We do this by:

• shaping policy to drive public sector performance, improve wellbeing and grow the economy
• enabling prosperity through economic reforms that drive productivity growth, improve standards of living and protect our environment
• delivering value and creating economic and social impact through public sector procurement practices.

Objective 2: Maintaining fiscal sustainability

We support the government to maintain strong and sustainable public finances to fund high-quality public services, now and in the future.

We do this by:

• supporting effective allocation of resources through analysis, forecasts and advice to inform the State Budget process
• advising on and supporting implementation of decisions to achieve sustainable operating and debt positions
• optimising public sector resource allocation and asset management by managing risk and applying commercial principles for social benefit.

Objective 3: Ensuring rigorous accountability

We maintain the trust of the community by managing public spending to the highest standards of accountability and transparency.

We do this by:

• providing clear communication, explanation and evidence for fiscal decisions
• delivering robust financial management and performance reporting
• ensuring high standards of integrity and public accountability in decision-making.

Our enablers

Our people

We celebrate, listen to, support, challenge and develop each other to continuously improve.

Our processes

We continually improve processes to best balance rigour, efficiency and simplicity.

Our systems

We develop and use robust systems and tools to support analysis, budgeting and reporting.

Our values and cultural pillars

Our effectiveness relies on the quality of our people and our workplace culture.

NSW Treasury is built on the core NSW public service values of integrity, trust, service and accountability, and Treasury’s cultural pillars of collaboration, inclusivity and flexibility.

NSW Public Sector values

Integrity	Consider people equally without prejudice or favour. Act professionally with honesty, consistency and impartiality. Take responsibility for situations, showing leadership and courage. Place the public interest over personal interest.
Trust	Appreciate difference and welcome learning from others. Build relationships based on mutual respect. Uphold the law, institutions of government and democratic principles. Communicate intentions clearly and invite teamwork and collaboration. Provide apolitical and non-partisan advice.
Service	Provide services fairly with a focus on customer needs. Be flexible, innovative and reliable in-service delivery. Engage with the not-for-profit and business sectors to develop and implement service solutions. Focus on quality while maximising service delivery.
Accountability	Recruit and promote staff on merit. Take responsibility for decisions and actions. Provide transparency to enable public scrutiny. Observe standards of safety. Be fiscally responsible and focus on efficient, effective and prudent use of resources.

Our cultural pillars

Our cultural pillars are what we expect of ourselves and each other as we work together to deliver on our purpose.

Collaboration	We gather broad input from our colleagues to solve problems. We let people know when they’re doing a good job. We think and act together with the people of NSW top of mind. We apply rigour and excellence in developing solutions together.
Inclusivity	We communicate early and regularly beyond our local team. We treat each other with kindness, respect and honesty. We welcome other points of view and capabilities.  We consider all perspectives and place ourselves in the shoes of others.
Flexibility	We embrace change and respond quickly to stay ahead. We balance work and life so we can be our best at both. We review priorities according to required outcomes. We are curious and agile in our thinking and approach.

Annual reports

NSW Treasury reports its performance and operations under the requirements of the Government Sector Finance Act 2018.

Download our Annual reports.