Managing the Crown’s balance sheet
The Government considers that effective management of assets and liabilities is important to a sustainable fiscal strategy. The Crown's balance sheet is now very large, having expanded to $553 billion of assets as of January 2024. As a result, even small improvements in performance can make a sizeable contribution to living standards.
The Government's strategy for balance sheet performance includes:
- reducing debt to restore the Crown's balance sheet buffer which provides resilience to future shocks
- unlocking new funding and financing models to catalyse private investment, and
- ensuring that the Crown's capital is directed to its highest value use.