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Consultation

Establishing an Independent Fiscal Institution

Issue date: 
Wednesday, 12 September 2018
Status: 
Current
Corporate author: 
View point: 

The Government is currently consulting on the proposal to establish an Independent Fiscal Institution as part of New Zealand’s fiscal policy framework. Public submissions close on 24 October 2018.

About the discussion document

The Government’s discussion document, New Zealand’s Fiscal Policy Framework: Establishing an Independent Fiscal Institution was released on 12 September 2018.

This discussion document outlines a proposal to establish an Independent Fiscal Institution in New Zealand. The Government is committed to responsible fiscal management. The purpose of an Independent Fiscal Institution is to help strengthen accountability, transparency and debate over New Zealand’s fiscal policy framework, as well as better support the effective development of public policy by political parties by:

  • providing independent evaluation of fiscal policy performance
  • improving and supporting effective parliamentary scrutiny of public finances and fiscal policy, and
  • providing for independent costings of political party policies to better inform public debate and strengthen New Zealand’s democracy.

Make a Submission

The Government wants to hear your thoughts on the various roles and functions an Independent Fiscal Institution could play in the New Zealand context. We also welcome your views on what institutional model might be appropriate. Your submissions will help inform the final proposal the Government develops over the coming months.

Here is how you can have your say:

  • Open and save a copy of the submission template below.
  • Make submissions on any of the proposals.  The template will provide you with a framework for your views that later helps us with analysis.
  • Clearly indicate which proposal and question number your submission is responding to.  This will help you collate your views and help us with our analysis.
  • Email your submission to us at submissions.ifi@treasury.govt.nz

The deadline for submissions is 5.00pm on Wednesday 24 October 2018.

Contact

Please direct your queries to submissions.ifi@treasury.govt.nz

Last updated: 
Wednesday, 12 September 2018