Articles tagged with Prefu
New Public Finance Amendment Act Enhances Fiscal Transparency in NZ
2 hours ago | 32 viewsNew legislation requires the Treasury to include specific fiscal risk statements in economic and fiscal updates, addressing previously unclear risks such as time-limited funding for Pharmac medicines. The Act removes the requirement for Treasury to report on wellbeing, focusing instead on core economic and fiscal advice, and advances the delivery date of the Pre-Election Economic and Fiscal Update by five working days to better inform voters. This law will take effect on July 1, 2026.
Tags: Nicola Willis Public Finance Amendment Act Treasury Pharmac PREFU New Zealand Finance Minister Parliament fiscal risksNew Public Finance Amendment Act Enhances Fiscal Transparency in NZ
2 hours ago | 21 viewsNew legislation requires the Treasury's economic and fiscal updates to include specific statements on fiscal risks, addressing previous omissions like time-limited funding for essential medicines. It also removes the Treasury's obligation to report on "wellbeing," refocusing its role on core economic and fiscal advice, and advances the delivery date of the Pre-Election Economic and Fiscal Update to give voters more time to consider election choices. The Act is set to take effect by July 1, 2026.
Tags: Nicola Willis Public Finance Amendment Act Treasury Pharmac New Zealand PREFU Finance Minister Parliament fiscal risks economic outlook