The Treasury of New South Wales, branded NSW Treasury, a department of the

New South Wales Government The Government of New South Wales, also known as the NSW Government, is the Australian state democratic administrative authority of New South Wales. It is currently held by a coalition of the Liberal Party and the National Party. The Governme ...

, is responsible for

state State may refer to: Arts, entertainment, and media Literature * ''State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our S ...

financial management policy and reporting, and providing advice to the government on economic conditions and issues in

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

, Australia. NSW Treasury was established in April 1824 and is the oldest continuing government agency in Australia.

Core responsibilities

Management of NSW finances * consistent collection and consolidation of financial information from public entities * strong financial management through accurate data and advice * effective delivery of the Budget and other financial reports, on behalf of the Treasurer. Analysis, advice and delivery * informed fiscal, economic, commercial and financial policy advice * innovative reforms which support a strong and competitive economy * providing fair and productive industrial relations and public sector wages policies * robust risk management and governance frameworks. Management of NSW assets * value-creating commercial and financial transactions * respected commercial, financial and service delivery reforms * market-leading analysis and advice on private financing of public infrastructure * managing, monitoring and advising on the efficiency and effectiveness of public sector commercial agencies. Efficient management of NSW's cash resources is a key responsibility of Treasury. A policy & guideline
paper
published by Treasury in 2010 (TPP10-2 Treasury Banking System Cash Forecasting and Banking Arrangements''') provided the state's agencies with relevant information in relation to cash forecasting requirements and banking arrangements. In 2015, the Expenditure Review Committee of the state's Cabine
directed
that public sector agencies (excluding state-owned corporations and authorities specifically approved by the NSW Treasurer) would, from 1 April 2015, operate as part of the Treasury Banking System. This decision applied to all agency cash deposits held ‘at call’.

Structure

The Treasury is led by its

Secretary A secretary, administrative professional, administrative assistant, executive assistant, administrative officer, administrative support specialist, clerk, military assistant, management assistant, office secretary, or personal assistant is a ...

, Paul Grimes who reports to the ministers listed below.

Ministers

The following ministers are responsible for administering The Treasury

cluster may refer to: Science and technology Astronomy * Cluster (spacecraft), constellation of four European Space Agency spacecraft * Asteroid cluster, a small asteroid family * Cluster II (spacecraft), a European Space Agency mission to study t ...

: *

Treasurer of New South Wales The Treasurer of New South Wales, known from 1856 to 1959 as the Colonial Treasurer of New South Wales, is the minister in the Government of New South Wales responsible for government expenditure and revenue raising and is the head of the N ...

, currently

The Honourable ''The Honourable'' (British English) or ''The Honorable'' ( American English; see spelling differences) (abbreviation: ''Hon.'', ''Hon'ble'', or variations) is an honorific style that is used as a prefix before the names or titles of certain ...

Daniel Mookhey * Minister for Finance, currently

Courtney Houssos Courtney Houssos is an Australian politician. She has been a Labor member of the New South Wales Legislative Council since the 2015 state election. She is currently Minister for Finance and Natural Resources in the Minns government. Houssos ...

Ultimately, the Treasurer and Minister for Finance are responsible to the Parliament of New South Wales.

Current structural groups

The Treasury is divided into nine service groups that perform various functions on behalf of the department: *Economic Strategy and Productivity Group *Trade, Tourism, Investment and Precincts Group *Policy and Budget Group *Commercial, Commissioning and Procurement Group *Financial and Operations Group *Human Resources *Information Technology *Office of the Secretary *Office of the General Counsel

Departmental Head

References

External links

NSW Treasury
{{DEFAULTSORT:Treasury Government departments of New South Wales 1824 establishments in Australia State government finances in Australia Economy of New South Wales