The Government has today released two discussion documents for public consultation: New Zealand's Fiscal Framework - Establishing an Independent Fiscal Institution, which was signalled as part of Budget 2018; and Embedding wellbeing in the Public Finance Act 1989, which is part of the Government’s wellbeing vision and the Treasury’s Living Standards Framework work programme.
These proposals are part of a set of changes to the Public Finance Act 1989, which are being proposed during the current Parliamentary term. Activity around this is also part of wider State Sector Act reform, launched last week by Hon Chris Hipkins, Minister for State Services.
Have your say, by submitting on these documents. You can find out more on the Public Finance System page.