Finance Minister Nicola Willis isn’t receptive to calls for the establishment of an independent unit to check Treasury’s forecasts and ensure Government spending is sustainable.

The International Budget Partnership and Organisation for Economic Co-operation and Development (OECD) are among the organisations that believe New Zealand needs an institution that both costs policies and keeps tabs on the Government’s finances.

They argue it would provide more accountability and align New Zealand with the 80% of OECD countries that have such institutions.

NZ Herald Wellington business editor Jenee Tibshraeny explains why Nicola Willis has her doubts.

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