Consultation

Embedding wellbeing in the Public Finance Act 1989

The Government recently consulted on a proposal to embed a focus on wellbeing in the Public Finance Act 1989. Public submissions on the proposal closed on 12 October 2018.

About the discussion document#

The Government’s discussion document, Embedding wellbeing in the Public Finance Act 1989, was released on 12 September 2018.

This Government is committed to using a broader framing to measure New Zealand’s progress, to develop and assess fiscal policy and support decision-making. This involves capturing and reporting against important facets of wellbeing for the environment, people and communities, alongside existing macroeconomic and fiscal indicators.

The discussion document outlines a proposal which will help achieve this by requiring every Government to draw a connection between its wellbeing objectives and its fiscal policy, and requiring the Treasury to report on wellbeing indicators, alongside macroeconomic and fiscal indicators.

Make a submission#

The proposal to embed a focus on wellbeing in the Public Finance Act 1989 is now closed to public submissions. The Government is now considering the submissions as it develops its final proposal.

Contact#

Please direct your queries to [email protected]