Publication date:
2 September 2024
As the Minister of Finance announced at the mini-Budget in December 2023, the Government is seeking $1.5 billion per annum in savings to deliver on policy commitments and fund critical cost pressures. Public service agencies have been asked to identify savings options of either 6.5% or 7.5%. The Ministry has been provided a savings target of 6.5%. In addition to identifying savings in corporate spending and the cessation of some projects, the Ministry has undertaken a structural change to the organisation.