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Only the Proposal and Executive Summary sections of this Cabinet paper are extracted below in HTML. If you require a full HTML version please contact [email protected] and cite CAB-19-SUB-0214 as a reference.
Cabinet Paper CAB-19-SUB-0214: Public Finance System Modernisation - proposed work programme
Proposal
1. In May 2018, the Cabinet Government Administration and Expenditure Review Committee (GOV) invited me to submit a paper to GOV by April 2019 seeking approval to formally initiate a review of the Public Finance Act 1989 (PFA) [GOV-18-MIN-0012.01 refers].
2. This paper seeks agreement to a work programme to review and modernise the public finance system. I am proposing a review of the public finance system, rather than just the PFA, because many important components of the public finance system are non-legislative. These include rules and incentives that drive how the system operates.
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Last updated:
Wednesday, 23 October 2019