New Zealanders deserve more transparency from their politicians so they can better engage in the political system. Having party policies independently costed will help to cut through the noise of political party promises and deliver New Zealanders unbiased information.

The PCU would be an independent unit within the Treasury and be available to all parliamentary parties.

Further details of the Policy Costings Unit (PCU):

  1. The PCU will function within the Treasury and will run like all other divisions within Treasury. However, the PCU will be exempt from reporting to the Minister to maintain confidentiality of Party policies.
  2. Once a policy has been released by the political party, the costings prepared by the PCU will be proactively released.
  3. The PCU will be subject to OIA requirements unless the policy is to be released publically by political parties in the near future, in which case it will be exempt under s18 (d) of the OIA Act.
  4. The PCU will be open to all parties within Parliament initially, with hopes of expansion to parties outside Parliament in the future.
  5. The PCU will be a permanent fixture in the Treasury with extra resources added during election years to meet demand.
  6. The cost is estimated to be $1-2 million per year, increasing to $2-3 million a year during election year to account for increased staff.
  7. The ability for political parties to get policy costed already exists in the Treasury, but permission must be obtained from Ministers.

This was announced in 2016 by former co-leader Metiria Turei. The initiative was included in the agreement between the Green Party and Labour Party in our pre-Government MoU, and is currently being developed.

DOWNLOAD FULL POLICY

Latest Finance Announcements

Story

Report shows urgent need to fix wealth inequality

A new report out today provides all evidence the Government needs to start addressing runaway inequality and rebalance Aotearoa to work for everyone.
Read More

Story

It’s important to know your KiwiSaver history, Mr. Luxon

What the Government should now do is reverse the cuts the National Party Government made to KiwiSaver incentives, the Green Party says.
Read More

Story

Bold solutions needed to ease inflation pressures

Action is needed to address the inequality crisis and support New Zealanders on the lowest incomes, the Green Party says.
Read More

Story

Inquiry into COVID-19 economic response necessary

The Green Party is again calling on the Government to review the economic response to COVID-19, as the Reserve Bank of New Zealand puts up the Offi...
Read More

Story

Budget 2022: James Shaw Budget Speech

Mr Speaker, It has taken four-and-a-half years to even start to turn the legacy of inaction and neglect from the last time they were in Government ...
Read More

Story

Rising household costs hurting low-income people

The Green Party says the Government needs to do more for those on the lowest incomes as inflation outpaces wage and benefit increases.
Read More