Accountability and Transparency in the Public Sector: The New Zealand Experience
30 Pages Posted: 15 Feb 2006
Date Written: November 1996
Abstract
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.
JEL Classification: E62, G38, H50, H61, L33, M41
Suggested Citation: Suggested Citation
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