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Fiscal (ir)responsibility: privileging PPPs in New Zealand

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Abstract:

This article explains the structures and rules built into the New Zealand government's financial management system which encourage entry into commitments such as public private partnerships. That the system provides a means of escape from the tight constraints imposed by fiscal targets, and escapes public and parliamentary scrutiny in the process, seems at odds with espoused objectives of fiscal responsibility, debt reduction and transparency. In terms of furthering a privatization agenda, however, it is highly logical.

Keywords: Financial management; Fiscal policy; New Zealand

Document Type: Research Article

DOI: http://dx.doi.org/10.1108/09513570310482318

Publication date: August 1, 2003

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