Budget Management That Counts: Recent Approaches to Budget and Fiscal Management in New Zealand

Angela Barnes and Steve Leith ()
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Steve Leith: New Zealand Treasury, https://treasury.govt.nz/

No 01/24, Treasury Working Paper Series from New Zealand Treasury

Abstract: Budget management in New Zealand altered substantially with the implementation of the Public Finance Act 1989 and the Fiscal Responsibility Act 1994. The paper sets out the evolution of fiscal and budget management over the last ten years, in response to the fiscal policy and financial management framework. It focuses on the top-down management of spending aggregates and how this has evolved into the “fiscal provisions” framework. The paper concludes with an illustration of the challenges facing the provisions framework. Work is currently underway to consider the challenges that have arisen through its operation over the last five years. This paper is a companion paper to Treasury Working Paper 01/25 New Zealand’s Fiscal Policy Framework: Experience and Evolution by John Janssen.

Keywords: Fiscal provisions; fixed nominal baselines (search for similar items in EconPapers)
JEL-codes: E62 H61 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:nzt:nztwps:01/24

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