Economic and Financial Management Group

The Economic and Financial Management (EFM) provides advice on the NSW economic and fiscal outlook, including budget performance, revenue, tax and productivity measures, intergovernmental relations, competition policy and regulatory reform. EFM is responsible for the preparation of the State Budget, Half-Yearly Review and annual Total State Sector Accounts.

Core responsibilities:

  • economic forecasting, modelling and microeconomic reform
  • fiscal policy and credit rating advice
  • revenue and expenditure strategy, analysis and advice
  • intergovernmental financial relations
  • public sector financial framework reforms and accounting policy

Policy and Budget Group

The Policy & Budget (P&B) Group is the primary manager of Treasury’s relationships with government agencies. It develops government fiscal strategies, prepares both the annual State Budget and Half-Yearly Review and monitors the financial and policy performance of agencies throughout the year.

P&B partners with agencies and other non-government delivery partners to create a strong and sustainable NSW economy. It works collaboratively with government agencies to provide high quality advice on financial management, policy reform and resource allocation. P&B’s goal is to improve services to the community and increase living standards in NSW both now and into the future.

Core responsibilities include:

  • analysis and advice on fiscal strategy and credit rating issues
  • coordination of content for core Treasury publications, including Budget Papers and the Half-Yearly Review
  • economic and financial advice on resource allocation, service delivery, policy and funding reforms
  • robust financial monitoring through accurate and quality data analysis
  • advising on how to use balance sheets more effectively to improve services and economic outcomes
  • advising on agency business cases, asset plans and budget proposals
  • monitoring agency asset management.

Commercial Commissioning & Procurement

CC&P Group comprises the Transactions, Commercial Assets, Infrastructure and Structured Finance, and Commissioning units, as well as NSW Procurement.

Core responsibilities include:

  • Providing specialist commercial and financial advice to government to facilitate private sector involvement in major capital projects and related services
  • Actively implementing management of the government’s shareholding in State Owned Corporations (SOCs) and other government businesses which includes overseeing their governance, and assessing and monitoring their commercial performance
  • Supporting design and implementation of service delivery reforms in NSW and managing the state’s Social Impact Investment programme
  • Managing major asset transactions
  • Setting and governing policies, and managing key spend categories for the State’s annual $33bn+ procurement expenditure

Corporate Services

The Corporate Services Group provides a diverse range of business enabling services and critical support for Treasury. The Group is focused on strengthening the monitoring and reporting of business performance, driving continuous improvement across the organisation as well as providing proactive advice on all aspects of the business.

Core responsibilities:

  • Communications
  • Audit
  • Information Mangement systems
  • Risk and compliance
  • Project management - facilities, operations, procurement
  • Finance and business performance management
  • Executive and ministerial services
  • Office of the General Counsel

People Strategy Group

Human Resources

The role of Treasury’s Human Resources (HR) team is to maximise the potential of our greatest asset — our people — to ensure that Treasury can deliver on its strategy. The priority of the HR team is to build on the skills and innovation of our people to create a high performing results-driven workforce.

Core responsibilities:

  • implementing best practice policies, programs and solutions across recruitment, development, reward and engagement
  • developing leadership capability and shaping a culture of collaboration and accountability
  • driving efficiency and productivity through the careful design of work, the operating model and the organisation
  • improving the quality of work life balance for all our people

Industrial Relations

NSW Industrial Relations (NSW IR) primary responsibilities are to monitor wages, employment rights, obligations and employment conditions in NSW.

Workplace advisors at NSW IR engage directly with employers, employees and vulnerable workers through a comprehensive education program which includes face-to-face workshops and online webinars.

Core responsibilities:

  • strategic public and private sector policy advice to the NSW Government
  • specialist support to public sector agencies regarding the application of the Government’s Wages Policy and implementation of Government reforms
  • participating as a partner in the Commonwealth’s national workplace relations framework
  • monitoring and enforcing compliance for the construction, entertainment and the taxi industries.

Office of the Secretary

The Office of the Secretary coordinates direct support services to the Secretary of Treasury and is the primary point of contact managing the flow of information to the Secretary.

Last updated: 08/10/2019