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

 

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news