The most radical reform since the 1980s is under way.
"A lot of this stuff is actually quite positive; and it's great Treasury and a few other agencies and some ministers are open about the need for improvement."
Secretary Gabriel Makhlouf tells parliament's finance and expenditure committee its forecast average annual growth of 2.5% in the next five years is by and large intact.
The Treasury secretary wants the department to become "an exciting and energetic hothouse of ideas" under his leadership.
"Treasury is risk adverse. Nothing apparently wrong with that, but Treasury seems to be risk adverse irrespective of the cost."
Invitations to schmooze with private sector high-flyers turned down, limiting the risk he will be accused of corporate cronyism.
Treasury Secretary Gabriel Makhlouf says more and better investment in teachers is integral to lifting New Zealand’s student achievement.
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