Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

New Zealand Initiative welcomes new fiscal watchdog


Wellington (17 May 2018): The New Zealand Initiative applauds today’s Budget 2018 announcement of an independent fiscal institution.

Associate Finance Minister James Shaw announced a new independent body to assess government forecasts and cost political party election promises. Consultation would commence in August.

We proposed a fiscal council in our 2014 report Guarding the Public Purse: Faster Growth, Greater Fiscal Discipline. We suggested it to be an Office of Parliament, as is Australia’s Parliamentary Budget Office. This would make it independent of the incumbent government.

“We were disappointed at the previous Government’s failure to take up that proposal. We think it would have helped inform public debate during the last campaign over Labour’s spending package,” said the Initiative’s Executive Director, Dr Oliver Hartwich.

“An independent Office of Parliament could be useful beyond evaluating fiscal policy proposals during general election campaigns,” said Dr Bryce Wilkinson, one of the authors of our 2014 report. “Our report identified five other activities by which an independent fiscal council could usefully add to informed public debate.”

These activities included monitoring and reporting on the degree to which a government’s plans were responding to longer-term fiscal pressures. It would also check the degree to which government agencies were rigorously assessing the value for money in government spending. Such a council could also usefully service Parliament’s Finance and Expenditure Committee.

Read more:
You can download Guarding the Public Purse: Faster Growth, Greater Fiscal Discipline here.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

"Systematic Murder": Complaint Filed To ICC Over Gaza Killings

Scoop's Alastair Thompson reports: At 10am on Thursday 17th May in a small office in the center of Lyon a detailed war crimes complaint on behalf of 562 victims and families of those seriously injured or killed in the Great Return March was submitted to the International Criminal Court by French lawyer Gilles Devers.

Over the past four years Kiwi journalist, investigator and human rights activist Julie Webb Pullman has trained and coordinated funding to assemble teams to collect evidence, interview witnesses and properly document thousands of individual war crimes committed in the period since Operation Protective Edge (2014). More>>

 
 

PM On Mycoplasma Bovis, Prisons: Working On It

At today's post-cabinet press conference Prime Minister Jacinda Ardern gave an update on the response to the spread of Mycoplasma bovis in New Zealand cattle. More>>

ALSO:

Alarm Bells: Teacher Shortages Worst Since Surveys Began

PPTA: “There is a wave of teachers about to retire and I’m embarrassed to say that we have reached the point where we are begging them to stay on… Young graduates no longer want to enter the profession, the pay is far too low compared to what they earn in other careers and, of the new teachers who do enter the profession, nearly half burn out and leave within five years.” More>>

ALSO:

Gordon Campbell: On Budget 2018

To put it mildly, Budget 2018 has not been an outbreak of wild-eyed, tax and spend liberalism... More>>

ALSO:

Corrections Officers: 600 New Prison Beds Not Enough

Finance Minister Grant Robertson announced 600 new prison beds to be built in modular units by the end of next year, but would not say whether the extension of Waikeria Prison would go ahead. More>>

ALSO:

Peters Returns: Visit Reinforces New Zealand-Japan Relationship

Deputy Prime Minister and Minister of Foreign Affairs Winston Peters has departed Tokyo following a productive three-day visit to Japan. More>>

ALSO:

Gordon Campbell: On Regressive Taxes

The headlines would have you believe that inflation is safely under control, but a Statistics NZ press release indicates that isn’t the reality being experienced by the poor, given how the steeply rising costs of smoking, petrol, rent etc are falling disproportionately on low to middle income earners. More>>

ALSO:

Overlapping Treaty Claims: ‘You Are Taking Us To War’

Treaty Negotiations Minister Andrew Little was speaking about the treaty process and the importance of communication when he was challenged by a kaumatua from Tauranga Moana. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages