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

 

Superu Report: Land Regulation Drives Auckland House Prices

Land use regulation is responsible for up to 56 per cent of the cost of an average house in Auckland according to a new research report quantifying the impact of land use regulations, Finance Minister Steven Joyce says. More>>

ALSO:

Fletcher Whittled: Fletcher Dumps Adamson In Face Of Dissatisfaction

Fletcher Building has taken the unusual step of dumping its chief executive, Mark Adamson, as the company slashed its full-year earnings guidance and flagged an impairment against Australian assets. More>>

ALSO:

No More Dog Docking: New Animal Welfare Regulations Progressed

“These 46 regulations include stock transport, farm husbandry, companion and working animals, pigs, layer hens and the way animals are accounted for in research, testing and teaching.” More>>

ALSO:

Employment: Most Kiwifruit Contractors Breaking Law

A Labour Inspectorate operation targeting the kiwifruit industry in Bay of Plenty has found the majority of labour hire contractors are breaching their obligations as employers. More>>

ALSO:

'Work Experience': Welfare Group Opposes The Warehouse Workfare

“This programme is about exploiting unemployed youth, not teaching them skills. The government are subsidising the Warehouse in the name of reducing benefit dependency,” says Vanessa Cole, spokesperson for Auckland Action Against Poverty. More>>

ALSO:

Internet Taxes: Labour To Target $600M In Unpaid Taxes From Multinationals

The Labour Party would target multinationals operating in New Zealand to ensure they don't avoid paying tax if it wins power and is targeting $600 million over three years through a "diverted profits tax," says leader Andrew Little. More>>

ALSO: