The Kazarian Center for Public Financial Management (KCPFM) today commenced a 
public education campaign titled "What New Zealand's Extraordinary Financial 
Track Record Can Teach the World: 6 Numbers to Know".  New Zealand's 
extraordinary financial track record can teach the world how to advance solid 
financial security and greater prosperity for all people.  

The public education campaign will sponsor one billion media impressions 
between July 2020 and July 2021.  Over 20 digital media outlets are part of the 
campaign, including Barron's, BBC, Bloomberg, Der Spiegel, Financial News, FT, 
Handelsblatt, National Business Review (NZ), NYT, NZ Herald, Politico, Times 
(UK), and WSJ.  Educating the public and other key stakeholders on how to 
improve public financial management is a core mission and core competency of 
KCPFM. 

New Zealand's extraordinary government financial track record is a tribute to 
both their citizens and their world leading culture of public financial 
management.  At the same time, New Zealand has achieved top rankings on the 
most widely recognized quality of institutions and quality of life indices.

The public education campaign compares New Zealand and five AAA-rated countries 
on three of the most important government financial performance indicators over 
the past nine years (2011 to 2019). Below are the 6 numbers to know: 

 --     #1 Indicator: New Zealand's Citizens' Wealth 1 (CW1) increased $8,000
        per person and the AAA composite declined $8,000. 
 --     #2 Indicator: New Zealand's Total Government Net Worth increased
        $5,000 per person and the AAA composite declined $4,000. 
 --     #3 Indicator: New Zealand's Total Government Net Worth as a
        percentage of GDP increased 10 percentage points, and the AAA
        composite declined 5 percentage points. 

New Zealand combines an extraordinary government financial track record with 
world class performance on the World Bank key governance indicators on 
institutional strength, ranking significantly better than the average of 
sovereigns with equivalent or higher credit ratings.  In addition, New Zealand 
ranks seventh in the world on Legatum's Prosperity Index, which includes, among 
other factors, education, health, personal well-being, and quality of life.

"Teaching public financial management through one billion media impressions 
will advance greater prosperity for all," stated Paul B. Kazarian from KCPFM.

To learn more on how lessons from New Zealand can improve public financial 
management, see kazarianfoundation.org/NZPFM 
(https://kazarianfoundation.org/NZPFM/ ) which includes additional information 
and FAQ.  Also see the slide presentations from the New Zealand's Public 
Finance Act at 30:  Lessons, Achievements and Future Directions conference 
website (https://www.wgtn.ac.nz/sacl/about/events/public-finance-act-at-30 ) , 
especially presentations by Ian Ball, Ruth Richardson, Ken Warren, Struan 
Little, and Paul B. Kazarian.  

KCPFM is an initiative of the Charles & Agnes Kazarian Foundation (Kazarian 
Foundation) which is a philanthropic affiliate of Japonica Partners.  The 
Kazarian Foundation's core mission and core competency is to improve public 
financial management and financial literacy.  The Kazarian Foundation seeks to 
educate both citizens and key stakeholders on the importance of public 
financial management and financial literacy through conferences, presentations, 
communications, articles, master classes, and white papers.  Find public 
financial management educational material at https://kazarianfoundation.org/.

Contact:  Christopher Magarian at info@kazarianfoundation.org or Stacy 
Dimakakos, Public Worldwide stacy@publicworldwide.com.

Source: Charles & Agnes Kazarian Foundation