The document outlines the role and practices of the Finance and Expenditure Committee (FEC) of the New Zealand Parliament. The FEC conducts financial scrutiny both before and after expenditure through its review of estimates and annual reports. It coordinates this work with other select committees. The FEC also reports on the budget, fiscal strategy, and annual financial statements. In its practices, the FEC investigates matters transparently, seeks support from various organizations, asks questions of those responsible, and writes effective reports that can include minority views.

1. F I N A N C I A L S C R U T I N Y I N T H E
N E W Z E A L A N D P A R L I A M E N T
FINANCE AND
EXPENDITURE COMMITTEE

2. THE NEW ZEALAND PAC IS DIFFERENT:

3. THE NEW ZEALAND PAC IS DIFFERENT:
• It does both “before” and “after” scrutiny

4. THE NEW ZEALAND PAC IS DIFFERENT:
• It does both “before” and “after” scrutiny
• Other select committees also do financial scrutiny –
FE Committee co-ordinates this work

5. WHAT WE DO
Any business relating to:
• Audit of the financial statements of the Government and
departments
• Government finance
• Revenue
• Taxation

6. SPECIAL DUTIES
• Reporting on the annual Budget Policy Statement, the
Government’s fiscal strategy report and the annual financial
statements of the Government
• Co-ordinating examination of performance audit reports of
the Auditor-General
• Examining the Reserve Bank of NZ’s monetary policy
statements and financial stability reports

7. OTHER ROLES
General select committee business:
• Examines proposed new legislation
• Petitions
• Treaties
• Any other matter referred to FEC by the House

8. MEMBERS

9. SCRUTINY BEFORE EXPENDITURE
HAPPENS: THE ESTIMATES
Budget presented in Parliament
All Votes come to FE Committee
FE keeps and examines – or allocates to another
committee

10. SCRUTINY AFTER EXPENDITURE
HAPPENS: THE ANNUAL REVIEWS
Departments present annual reports to Parliament
FE considers which departments it wishes to examine,
keeps these and reports to the House on them
FE allocates annual reviews of all other departments and
entities to other committees to examine and report on to
the House

11. OUR PRACTICES (1)
• Both “before” and “after” scrutiny

12. OUR PRACTICES (1)
• Both “before” and “after” scrutiny
• Flexibility

13. OUR PRACTICES (1)
• Both “before” and “after” scrutiny
• Flexibility
• We seek support

14. OUR PRACTICES (1)
• Both “before” and “after” scrutiny
• Flexibility
• We seek support
• Staff within Parliament

15. OUR PRACTICES (1)
• Both “before” and “after” scrutiny
• Flexibility
• We seek support
• Staff within Parliament
• The Treasury

16. OUR PRACTICES (1)
• Both “before” and “after” scrutiny
• Flexibility
• We seek support
• Staff within Parliament
• The Treasury
• The Auditor-General

17. OUR PRACTICES (2)
• We investigate and report

18. OUR PRACTICES (2)
• We investigate and report
• We talk to those who are responsible

19. OUR PRACTICES (2)
• We investigate and report
• We talk to those who are responsible
• Ministers

20. OUR PRACTICES (2)
• We investigate and report
• We talk to those who are responsible
• Ministers
• Chief Executives

21. OUR PRACTICES (2)
• We investigate and report
• We talk to those who are responsible
• Ministers
• Chief Executives
• ANYONE!

22. OUR PRACTICES (3)
• We ask questions

23. OUR PRACTICES (3)
• We ask questions
• We seek papers

24. OUR PRACTICES (3)
• We ask questions
• We seek papers
• The process is transparent

25. OUR PRACTICES (3)
• We ask questions
• We seek papers
• The process is transparent
• Open to the public
• Open to the media

26. OUR PRACTICES (3)
• We ask questions
• We seek papers
• The process is transparent
• Open to the public
• Open to the media
• Everything is published

27. OUR PRACTICES (4)
• We write effective reports

28. OUR PRACTICES (4)
• We write effective reports
• There is room for minority views

29. OUR PRACTICES (4)
• We write effective reports
• There is room for minority views
• We are supported by good staff

30. AND FINALLY…….
• Any questions??
• And let’s talk about your experiences