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


Auditor-General Calls For Special, Regular Reporting On Covid-19 Expenditure

The Auditor-General, John Ryan, is urging the Government to improve its reporting on Covid-19 expenditure.

In a report published today, Update on the Government’s Covid-19 expenditure, the Auditor-General says the financial reporting required by law is not enough to give a meaningful picture of the Covid-19 spend.

“More reporting is needed to give an overall picture of how much money has been allocated to, and spent on, the Covid-19 response and what the money has been spent on,” he says.

“Summarising and reporting this information regularly will significantly increase the transparency of this spending. It will help the public and Parliament hold the Government to account.”

The Update gives a partial picture of Covid-19 spending based on information from the Treasury. It details how about $18 billion, of the $62 billion put aside, has been incurred so far, with over $15 billion of this on the Wage Subsidy and the Small Business Cashflow (Loan) Scheme.

However, it is difficult for the public to know how much Covid-19 funding has been allocated to specific initiatives, how much remains unallocated, and the total amount of spending so far.

The problem is the format for standard financial reports does not help the public see how Government expenditure relates to the Covid-19 funding announcements.

This is nothing new – expenditure is always reported differently from how funding and spending decisions are presented. But the Auditor-General’s view is that Covid-19 expenditure calls for special reporting.

“An exceptionally large amount of funding has been set aside to tackle the many challenges created by Covid-19. Future generations will likely inherit significantly more public debt as a result,” the Auditor-General says.

“Current and future generations will want to know where the money has gone. They will also want to know what has been achieved.

“Maintaining public trust and confidence in the Covid-19 response requires more transparency, and accountability, than the minimum reporting requirements provide.”

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Who Decides On The Priority List For Vaccines

During the past week, the nation has gone through a range of mixed feelings about south Auckland. Understandably, there’s been a hankering in some quarters to punish a few of the rule breakers who plunged all of Auckland back into lockdown…Yet alongside that impulse there also been compassion for the way that poverty and overcrowding make south Aucklanders extremely vulnerable to the spread of the virus... More>>


Government: PHARMAC Review Announced

The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today... More>>


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>

Government: Reserve Bank To Take Account Of Housing In Decision Making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into ... More>>


Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>




InfoPages News Channels