Annual report 2019/20 – Pūrongo ā-tau 2019/20
The Ministry of Business, Innovation and Employment’s 2019/20 Annual Report is a review of our financial and non-financial performance against our outcomes, priorities and obligations.
Grow New Zealand for All.
Productive and sustainable use of resources across New Zealand.
People are confident to participate in fair and thriving markets.
Over 5,000 Ministry of Business, Innovation and Employment (MBIE) people work across our 8 business groups from our 46 offices within New Zealand and 14 overseas.
In 2019/20 we supported 18 portfolios and were responsible for $5.5 billion of expenditure.
We strive to grow New Zealand for all through economic performance and participation, ultimately improving the lives and living standards of New Zealanders. To do this, our purpose – Grow New Zealand for All – is underpinned by our five strategic outcomes:
- Prosperous and adaptable people, sectors and regions
- People are skilled and engaged in safe and fulfilling work
- Informed consumers and businesses interacting with confidence
- Value is sustainably derived from the natural environment
- A dynamic business environment fostering innovation and international connections
The purpose of this report is to provide a view of our performance against those outcomes and the objectives we set at the beginning of the financial year.
This web version of the Annual report 2019/20 consists of an extract of financial and non-financial performance information from the full official Annual report 2019/20.
The official electronic version of the Annual report 2019/20 [PDF, 3.5 MB] is provided in PDF format. We may also publish this document in other electronic formats to improve the accessibility of our information. While these alternative formats may have minor presentation changes, we make every effort to ensure the information is accurately converted.
In this section
E tino harikoa ana au ki te tāpae i te Pūrongo Ā-Tau 2019/2020 a Hīkina Whakatutuki.
It gives me great pleasure to present the Ministry of Business, Innovation and Employment’s (MBIE) 2019/20 Annual Report.
Everything we do at MBIE is about Growing New Zealand for All. We recognise that a strong economy is one in which we use the skills, knowledge and time of our people in conjunction with our natural resources, and financial and physical capital to improve the wellbeing of current and future generations. We worked closely with Treasury to shape and deliver the Government’s Economic Plan which sets out the action needed to transition New Zealand’s economy to one that is productive, sustainable and inclusive.
Our five outcomes outlined in our Statement of Intent show how MBIE aims to support sustainable economic performance and build an economy that improves wellbeing across New Zealand.
MBIE was one of the first New Zealand government agencies to face the challenges of COVID-19 given the presence of our offshore visa processing office in Beijing, which needed to be shut down back in January. Since then, we have played an integral leadership role in supporting the Government's ‘Response’ effort and the ‘Recovery’ and ‘Rebuild’ components.
MBIE is a large ministry with an ambitious and rewarding purpose – to Grow New Zealand for All. Everything we do at MBIE is about growing our economy and improving the lives and living standards of New Zealanders.
Our strategic intentions are underpinned by our purpose and outcomes framework. To pursue these goals, MBIE focuses on five outcome areas. This section of the report provides information on our progress towards these outcomes.
This section of the annual report provides a commentary on MBIE’s 2019/20 financial results, including the impact of COVID-19, and a view of our forecast financial plans for 2020/21.