IMF Working Papers

Accountability and Transparency in the Public Sector: The New Zealand Experience

By M. Cangiano

November 1, 1996

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Format: Chicago

M. Cangiano Accountability and Transparency in the Public Sector: The New Zealand Experience, (USA: International Monetary Fund, 1996) accessed November 23, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper describes the reforms introduced in the New Zealand public sector since the mid-1980s. The reforms included corporatization and privatization of most state-owned enterprises, the shift from a cash-basis to an accrual-basis accounting system and the compilation of a balance sheet for the central government and its entities, performance-based arrangements for the delivery of core government outputs; and institutional changes in expenditure control mechanisms. The paper also summarizes the impact of the reforms on government revenue and spending patterns, and discusses lessons learned from New Zealand’s experience.

Subject: Budget planning and preparation, Economic sectors, Financial statements, Fiscal accounting and reporting, Fiscal policy, Public financial management (PFM), Public sector

Keywords: Asset sale, Budget planning and preparation, Capital base, Cash flows, Conditions of Employment Act, Country, Eastern Europe, Enterprise, Financial statements, Fiscal accounting and reporting, Government, Government accounts system, Government activity, Government members of parliament, Government policy, Governments of the State of New South Wales, Government's power, New Zealand government, Operating expenses, Public sector, State Service condition, WP

Publication Details

  • Pages:

    30

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1996/122

  • Stock No:

    WPIEA1221996

  • ISBN:

    9781451854442

  • ISSN:

    1018-5941

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