|
|
Cambiar vista de pantalla: Ruth Richardson June 20, 1997 | June 20, 1997 | Duración:..
You need to upgrade your Flash Player version to 9.3 or superior. To update please click here.Get the Flash Player to see this player. |  Loading... |
Share
Copy and paste this link to an email or instant message
[Hide]
Right click this link and add to bookmarks:
| |
About this video
Ruth Richardson talks about fiscal responsibility and the discipline that is needed in order to have a stable and efficient fiscal policy. She shares various professional anecdotes that took place during her years as New Zealand Minister of Finance and shares the strategies she successfully applied. According to Richardson, fiscal responsibility identifies the characteristics of a good fiscal policy, ensures frequent publication of proper financial accounts and gives a real long-term accountability. She also lists five principles which need to be applied in order to be fiscally responsible. Reducing public debt levels and maintaining them in balance over time are two of them. Furthermore, she points out that, although Guatemala has the knowledge of how fiscal responsibility can be achieved, it lacks the will and the involvement of the population.
|
Ruth Richardson was New Zealand's Minister of Finance during the period of 1990 to 1993. She conducted the New Zealand's second wave of reforms, after the first one, that was directed by Roger Douglas in the mid 1980's. Richardson got her Law degree with Honours from Canterbury University. She's now the principal of Ruth Richardson [NZ] Ltd., a company that offers international consultancy and corporate governance services.
Source: www.rrnz.orcon.net.nz
Last update: 05/12/2007
|
Credits
Fiscal Responsibility
Ruth Richardson
Universidad Francisco Marroquín
June 20, 1997
Digitization made by New Media - UFM. Guatemala, June 1997
Index: Lucía Bahr; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España
 This work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0
|
  Content
 | Initial credits |
| Presentation of Ruth Richardson by Mónica de Zelaya |
| Introduction by Ruth Richardson |
 | Discipline of fiscal policy
|
| Major source of destabilization |
| Legislation |
| Good budget practice |
| The legislative brief |
| Arguments for fiscal responsibility |
| Reforms
|
| Transparency |
| Balanced-budget amendment |
| A code of fiscal responsibility |
| Fiscal responsibility
|
| 1. Requires adherence to principles |
| 2. Ensures frequent publication |
| 3. Long term with real accountability |
| Five principles
|
| 1. Reduce public debt |
| 2. Maintain debt levels |
| 3. Net worth |
| 4. Fiscal risks |
| 5. Predictability |
| Requirement to disclose
|
| Fiscal strategy report |
| Economic and fiscal update |
| Balance sheet |
| Disclosures |
| Budget processes |
| What has changed about behavior? |
| Parliament |
| The role of the public |
| Results |
| Government misbehavior |
| Credibility |
| Opinion about Guatemala
|
| Political will |
| Involvement |
| Final credits |
|
|
0
.jpg)
