Which agencies, departments, Crown entities, companies, or other organisations for which the Minister is responsible, if any, have been required to identify or deliver baseline savings or staffing reductions since 27 November 2023, and how much, if anything, has each delivered, broken down by organisation and year, as at 5 June 2026?

Answer

The Treasury was required to identify and deliver baseline savings as part of the Baseline Reduction Target Assurance Process, initiated in November 2023. The Treasury identified $4.7m savings through FTE reduction, and identified a further $3.898m in non-FTE savings that it could save. In 2024/25 the Treasury achieved the following non-FTE actual savings of $3.950 million, made up of the following: • Reduced contractor and consultant spend of $2m • Reducing non-FTE costs such as consumables, subscriptions, IT costs and stationery of $450k • Reviewing and reducing allowances, travel, recruitment, and training and development of $1.5m The RBNZ went through an organisational change and restructure process between 31 March 2025 and 13 October 2025. This resulted in $6.8m of savings in FY25/26 and $11.5m in outyears. Further ongoing non-FTE savings of $6.4m were identified.