Story: Treasury

Debt Management Office, 2011

Debt Management Office, 2011

The Debt Management Office (DMO) was established within Treasury in 1988, with the aim of treating the management of New Zealand’s official foreign debt on a more professional basis. In particular it was thought that using specialised financial expertise would minimise borrowing costs. In the financial year of 2010/11 the DMO aimed to raise $13.5 billion overseas. By the beginning of January 2011, when this photo was taken, it had raised $8.3 billion. At that time Philip Combes (left) ran the DMO and Briar Ferguson was an assistant portfolio manager.

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Dominion Post
Reference: 5 January 2011
Photograph by Craig Simcox

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How to cite this page:

Malcolm McKinnon, 'Treasury - Economic management since 1980', Te Ara - the Encyclopedia of New Zealand, (accessed 18 July 2024)

Story by Malcolm McKinnon, published 20 Jun 2012