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

 

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

It's Spark Now:
Why Telecom Wanted To Change

New Zealand led the world when Chorus demerged from Telecom. It gave us a telecommunications industry structure where the network is completely separated from the products and services it delivers. The changes brought about a new market dynamic and it dramatically changed Telecom’s role. More>>

ALSO:

Glass Half Empty: Dairy Prices Fall To Lowest Since 2012

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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