Senior Indian public servants learn about New Zealand’s innovative public finance system

Sixteen senior public servants from India visited Victoria Business School (VBS) this month to learn about New Zealand’s innovative Public Financial Management (PFM) system from the School’s resident experts.

Ian Ball, Arun Elias and participants in the Innovations in Organisational Management programme on the steps of Parliament Building.

Over the course of the two-day visit, participants learnt about key aspects of the system to guide their work in the Indian public sector.

Professor of Practice Ian Ball who, as former Director of Financial Management Policy and Central Financial Controller at New Zealand Treasury, was responsible for the design of New Zealand’s Public Financial Management system spoke to participants about the history of New Zealand’s PFM system and how it works.

Following this, they heard from Dr Alan Bollard, Professor of Practice—Chair for Pacific Region Business at VBS and former Governor of the Reserve Bank, on the role of the Public Finance Act in relation to New Zealand’s Fiscal Policy.

Participants also learnt about the New Zealand Government’s procurement system from Margaret Pearson, Chief Procurement Advisor at the Ministry for Business, Innovation and Employment, as well as Change Management from Associate Professor Arun Elias.

The visit was organised by the University's Centre for Lifelong Learning as part of the ‘Innovations in Organisational Management’ programme which includes an international study tour to Australia and New Zealand.

“It was a privilege to have these senior government officials visit Victoria Business School,” says Pro-Vice-Chancellor and Dean of Commerce Professor Ian Williamson. “Building partnerships with institutions across the Asia–Pacific region that allow us to share our world-leading expertise is an important focus for our faculty and I am sure that the programme participants gained insights they will be able to put to use in their work. We are also excited to use this programme as a means to spark new innovative partnerships with leading Indian organisations.”