| | Don Brash.com || New Zealand's Remarkable Reform (Site not responding. Last check: 2007-11-05) |
 | | The non-trading elements of New Zealand's public sector were reformed by the State Sector Act 1988 and the Public Finance Act 1989, both of which aim to discipline the bureaucracy by introducing incentives to eliminate the bias towards waste, including the incentives flowing from transparency. |
 | | New Zealand's credit rating, which had already slipped over the 1980s to AA despite all that had been accomplished, and which was downgraded to AA- very early in 1991, would almost certainly have dropped to A+ had action not been taken to contain the growth of spending. |
 | | The reform of the monetary policy framework was one of the most important elements in the whole reform programme, and it is significant that the legislation which established it was passed by Parliament with the support of Government and Opposition, without a single vote being registered against it. |
| www.donbrash.com /Speeches/NZs_remarkable_reform.htm (9619 words) |