Reinventing Government in New Zealand : How Core Government Functions Benefited from Market-Type Measurement

Reinventing Government in New Zealand : How Core Government Functions Benefited from Market-Type Measurement

In the early 1990s, the New Zealand government started publishing a balance sheet and operating statement, using private sector accounting and reporting. These reports --the first such sovereign accounts anywhere-- typify reforms instituted across...

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Bibliographic Details
Main Authors: Dale, Tony, Ball, Ian
Format: Viewpoint
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
GOVERNMENT ACCOUNTING
FINANCIAL STATEMENTS
PERFORMANCE APPRAISAL
BUDGETING METHODS
ACCOUNTING SYSTEMS
CAPITAL COSTS
FINANCIAL MANAGEMENT ACCOUNTING
ACCOUNTING POLICIES
ACCRUAL ACCOUNTING
AUDITS
AUTHORITY
AUTONOMY
BALANCE SHEET
BORROWING
CAPITAL MARKETS
CASH ACCOUNTING
CASH FLOWS
CASH MANAGEMENT
COST OF CAPITAL
DEBT
DEFICITS
DEPOSITS
FINANCIAL AUDITS
FINANCIAL MANAGEMENT
FINANCIAL RESULTS
FISCAL
FISCAL DEFICITS
FOREIGN EXCHANGE
GAAP
GOVERNMENT DEBT
GOVERNMENT DEPARTMENTS
GOVERNMENT LEVEL
GOVERNMENT SECTOR
GOVERNMENT SPENDING
INSOLVENT
INTANGIBLE ASSETS
INTEREST COSTS
LEVIES
MARKETABLE SECURITIES
MINISTERS
NET ASSETS
OPERATING COSTS
OPERATING EXPENSES
OPERATING SURPLUS
PENALTIES
PRESIDENCY
PRIVATE SECTOR
PROVISIONS
PUBLIC DEBT
PUBLIC SECTOR
PUBLIC SERVICE
RETURN ON EQUITY
SAVINGS
SOCIAL SECURITY
SOCIAL SERVICES
SOCIAL WELFARE
TAX
TAX RATES
TRANSPARENCY
Online Access:http://documents.worldbank.org/curated/en/1996/08/441456/reinventing-government-new-zealand-core-government-functions-benefited-market-type-measurement
http://hdl.handle.net/10986/11614
Description
Summary:In the early 1990s, the New Zealand government started publishing a balance sheet and operating statement, using private sector accounting and reporting. These reports --the first such sovereign accounts anywhere-- typify reforms instituted across government trading operating, departments, and other public entities to improve performance and accountability. This note reviews the more recent reforms arising from the accounts, highlighting some of the underlying ideas that may have applications in other countries.

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