Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ Top Rank in International Study of Budget Transparency

FOR IMMEDIATE RELEASE

23 January, 2013

Transparency International New Zealand

Wellington New Zealand

New Zealand Attains Top Ranking in International Study of Budget Transparency

The International Budget Partnership today released the results of the 2012 Open Budget Survey. New Zealand ranked first among the 100 countries surveyed with an index of 92 out of a possible 100. This is an improvement in both rank and score since the 2010 release of the biennial report, when New Zealand was ranked 2nd with a score of 90.

The Open Budget Survey (OBS) is the only independent, comparative, and regular measure of budget transparency and accountability around the world. Produced by experts outside government, the 2012 Survey covers 100 countries - home to over 6 billion of the world's people.

The survey is based on 95 questions that assess the availability of eight key budget documents, as well as the comprehensiveness of the data contained in those documents. Most of the 100 countries in the sample are developing countries, and New Zealand is one of only six countries that are rated as providing extensive information to the public.

Transparency International New Zealand (TINZ) was responsible for the New Zealand assessment compiled and authored by Deputy Chair Murray Petrie.

One contribution to New Zealand's improved score was the regular reporting of tax expenditures - special tax breaks and concessions for favoured activities - in the annual budget documents.

NZ scored only moderately well in a new section of the 2012 OBS dealing with public engagement in the budget process. This section assesses the extent to which the three main institutions surveyed (executive, legislature, and supreme audit institution) provide spaces for public participation in budget processes. One important area of weakness in NZ is the lack of public debate and independent scrutiny of the Pre-Budget Statement.

TINZ is currently conducting an in-depth National Integrity Study of NZ, and the possibilities for increasing public participation in fiscal policy, and for strengthening legislative oversight, will be assessed in the NIS, with the final report and recommendations due in June 2013.

TINZ Chair Suzanne Snively Notes:

"This Open Budget Survey is yet another international testimonial to our public sector's transparency. It is critical that we recognize that our leadership position is due to a long history of national vision and vigilance which must be maintained in order to sustain our international competitiveness and high quality of life."

Full information on the CBPP study results, including the completed Questionnaire on New Zealand, is available at www.openbudgetindex.org

1. The International Budget Partnership is a group within the Center on Budget and Policy Priorities who's mission is to collaborate with civil society to undertake budget analysis and advocacy in order to improve governance and reduce poverty. Neither organization relies on government funding.
2. For more information on the Open Budget Initiative contact info@internationalbudget.org or visit www.openbudgetindex.org. The Open Budget Initiative is based at the International Budget Partnership, 820 First Street NE, Suite 510, Washington, DC 20002.
3. Transparency International is the global civil society coalition leading the fight against corruption - http://www.transparency.org/.
4. Transparency International New Zealand, Inc is the local chapter of the global organisation - http://www.transparency.org.nz/.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news