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 How National’s ”New” Welfare Plan Resurrects A Past Failure

Sam Uffindell’s defenders keep reminding us that he was only 16 at the time of the King’s College incident, and haven’t we all done things in our teens that, as adults, we look back on with shame and embarrassment? True. Let's be honest. Haven’t we all at one time or another, joined a gang and beaten a smaller, younger kid black and blue with wooden clubs? In that respect, Uffindell’s defenders on the streets of Tauranga risk sounding a bit like the psychiatrist Kargol played by Graham Chapman on Monty Python. Some of the media commentary has also noted how the Uffindell saga has taken the shine off National’s good poll results and distracted us all from the unveiling of an important welfare policy at the recent National Patty conference. OK… So let's put the spotlight back on that welfare policy...


National: Food Prices Climb Taking Kiwis Backwards
Kiwi families continue to battle runaway food prices, National’s Finance spokesperson Nicola Willis says... More>>

Transport & Infrastructure: Have Your Say On The Future Of Inter-regional Passenger Rail In New Zealand

The Transport and Infrastructure Committee has opened an inquiry into the future of inter-regional passenger rail in New Zealand. The aim of the inquiry is to find out what the future could hold for inter-regional passenger rail... More>>

National: Sam Uffindell Stood Down Pending Investigation
Tauranga MP Sam Uffindell has been stood down from the National Party caucus pending an investigation into further allegations about his past behaviour, says National Party Leader Christopher Luxon... More>>

Government: Tax Break To Boost Long-term Rental Supply
The Government is encouraging more long-term rental options by giving developers tax relief for as long as the homes are held as long-term rentals, the Housing Minister Megan Woods has announced... More>>

National: NZ Migrant Arrivals Hit Lowest Mark Since 1990s
Today’s net migration figures show that Labour has failed to deliver the desperately needed skilled migrants they promised, meaning labour shortages will persist into the future, National’s Immigration spokesperson Erica Stanford says... More>>

Green Party: Abuse Revelations Leave No Choice But To Overhaul RSE Scheme
The Green Party is calling on the Government to overhaul the Recognised Seasonal Employers scheme in the wake of revelations of shocking human rights violations... More>>




InfoPages News Channels