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Cameron Bagrie: Former Treasury economist on the independent review into the Treasury · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: So external review Treasury not good, apparently losing the confidence
• 0:04
  Speaker 1: of ministers. It's so bad. This is a report hasn't
• 0:07
  Speaker 1: happened in ten years. We've got one economic advice week,
• 0:11
  Speaker 1: string of failures, advice on acc deficit health, New Zealand spending,
• 0:16
  Speaker 1: inter island of fairy replacement, saga. All those get across,
• 0:19
  Speaker 1: cross cross Cameron bag reformer Treasury economists, independent economist with
• 0:22
  Speaker 1: us this morning. Cameron, get a good morning. Bad as
• 0:25
  Speaker 1: it looks.
• 0:27
  Speaker 2: Oh, it's not great, and I guess the spurt of
• 0:29
  Speaker 2: the Treasury sort of lost their mojo and good news
• 0:32
  Speaker 2: is under Ian Rennie that started to get their mojo back.
• 0:35
  Speaker 2: But treatise to government's lead financial advisor. Your advice is critical.
• 0:40
  Speaker 2: We need a high perform performing treasury and the report
• 0:43
  Speaker 2: to sort of highlights haven't been perhaps as high performing
• 0:45
  Speaker 2: as what we would have liked.
• 0:46
  Speaker 1: How did it lose its mojo?
• 0:49
  Speaker 2: Oh? I think a long time. Over a long time,
• 0:52
  Speaker 2: they've sort of tilted away from flowing economists towards more generalists.
• 0:57
  Speaker 2: I think there's been a few issues under previous leaders.
• 1:00
  Speaker 2: Don't get the right leaders of the type type of
• 1:02
  Speaker 2: tens to pull a threat through the whole organization. I
• 1:05
  Speaker 2: don't think Treasury has been strong enough with previous ministers.
• 1:09
  Speaker 2: Good news once again under Ian Rennie, we've seen a
• 1:11
  Speaker 2: bit of a strategic shift within Treasury. Treasury still advisors
• 1:16
  Speaker 2: the minister, so you can't exactly get against the minister,
• 1:20
  Speaker 2: and the Investment Statement has been calling the government to
• 1:23
  Speaker 2: account as far as you can on key issues such
• 1:26
  Speaker 2: as physical sustainability such as the operating balance in touches
• 1:29
  Speaker 2: of quality of government assets in the management.
• 1:31
  Speaker 1: Of the One of the problems attracting talent if you're
• 1:34
  Speaker 1: a numbers nerd, is Treasury still a place you want
• 1:36
  Speaker 1: to go? I think we might have lost Cameron there, Kem,
• 1:39
  Speaker 1: you're there, Cameron, Yeah, yeah. I'm just saying retaining staff
• 1:45
  Speaker 1: and attracting new talent as a problem. If you're a
• 1:47
  Speaker 1: numbers nerd coming out of UNI or coming out into
• 1:49
  Speaker 1: the private sector into the public sector, is Treasury somewhere
• 1:53
  Speaker 1: you want to go? Still we're having issues with Cameron
• 1:57
  Speaker 1: to leave it there. For more familiar edition with Ryan Bridge,
• 2:00
  Speaker 1: listen live to News Talks. It'd be from five am weekdays,
• 2:04
  Speaker 1: or follow the podcast on iHeartRadio.