COMMENT:

There are increasing concerns about the performance of several key government entities, including the Reserve Bank of New Zealand, the Treasury, Statistics NZ, and the Inland Revenue Department (IRD).

The Reserve Bank's handling of the CBL Insurance debacle has been woeful and governor Adrian Orr has given mixed messages about future interest rate movements.

The Treasury, which has long been the dominant Crown policy adviser, has taken a more low-profile approach in recent years. Its joint secretarial role with the Tax Working Group (TWG) is being questioned as the introduction of a watered-down capital gains tax would have been

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