Third, we are still in uncertain economic times, and it is important that governments retain the capacity to intervene in the face of possible future adverse events, including unforeseeable circumstances such as natural disasters, which can have a significant fiscal dimension. This requires sound public finances and specific strategies tailored to national circumstances.
Our Te Ao Māori strategy is helping inform our policy programmes, broaden our external stakeholder engagement, and grow our internal cultural capabilities.5 Navigating a challenging monetary environment – developing our roots The Government’s review of the Reserve Bank’s legislation has been underway for the past two years.