"We want New Zealand to be a place where all children and young people are loved, confident, happy and healthy, and are empowered to reach their full potential," the Ministry said in a statement.
The strategy sets out a shared understanding of what’s important for child and youth wellbeing, what Government is doing, and how others can help.
It sets the direction for short and longer-term Government policy and action and includes an aspirational vision, nine principles to guide the way Government works, and six wellbeing outcomes that outline what children and young people want and need for a good life.
"The strategy was developed with the help of 10,000 New Zealanders – including over 6000 children and young people, who told us what makes for a good life and what gets in the way," the statement read.
"It also draws on the best evidence from social science and cultural wellbeing frameworks."
The School Trustees Association (NZSTA) said it is excited about the launch of the strategy.
"Most of us can’t even remember how long we’ve been asking for this kind of initiative to make our children and young people’s wellbeing a social priority across the board," president Lorraine Kerr said.
"For decades we have been battling against a rising tide of poverty, inequity and a general erosion of children’s quality of life.
"We’ve become so involved in trying to counter those issues in our schools that we’ve had less and less time to focus on helping students learn," she said.
NZSTA said the trial of a free school lunch programme announced as part of the wellbeing strategy has the potential to make a huge difference for the students who are most in need.
In a statement the Chair of the Royal Australian and New Zealand College of Psychiatrists (RANZCP) New Zealand National Committee – Tu Te Akaaka Roa, Dr Mark Lawrence, also commended the Government on the strategy.
"Given the genuine involvement of communities, alongside 125 planned actions to be led by 20 government agencies, the strategy has the potential to be held up as a model in multidisciplinary work," Lawrence said.
"Working together and getting the right people in the right place are two of the RANZCP’s key policy platforms.
"Integrating Māori kaupapa – by Māori for Māori and all – is a principle we believe in.
"This is what evidence has shown brings about good mental and physical health for our whānau and tamariki."
Dr Tanya Wright, Chair of the RANZCP New Zealand Faculty for Child and Adolescent Psychiatry Subcommittee expressed her enthusiasm.
"This brings together the latest research and presents it in a seamless way that is aspirational, grounded and evidence-based," Wright said.
"With its focus on reducing child poverty, helping young people and families struggling with mental health issues or addictions, and supporting children’s early years, we should expect to see a reduction in the adverse childhood events that contribute to poor outcomes and poor mental health."
National’s Social Development spokesperson Louise Upston said the strategy is ‘frustratingly light on detail’.
“Despite the positive intentions of the strategy, there appears to be little that will result in material change for the most vulnerable Kiwi kids," she said.
“This Government has no plan for how to help children in need now.
“The Prime Minister has talked big about combatting child poverty, but we’re almost two years into this Government’s tenure and there are 4000 more children living in poverty than when she came into office."