Fiscal Institution



Fiscal Councils (FCs) are offices of budget specialists tasked with producing independent analysis to policymakers on matters relevant to the fiscal situation of a jurisdiction.… Read More ›

Could Fiscal Councils Regulate Governments Through Comply-or-Explain?

As we anticipate Budget 2018-19, coming up on 8 May, it is timely to examine Australia’s budget process. Australia has been a leader in good… Read More ›

Open Budget Survey 2017 Part 2: What Can Australia Do to Improve Our Budget Process?

Editorial Note: This is an edited version of the keynote address by the Parliamentary Budget Officer Jenny Wilkinson at the launch of the Open Budget… Read More ›

A Speech by the Parliamentary Budget Officer: Fiscal Transparency and the Parliamentary Budget Office

This two-part series about the Open Budget Index (OBI) presents budget transparency results for Australia in this global budget survey initiative. Part 1 explains what… Read More ›

Open Budget Survey 2017 Part 1: How Transparent is the Australian Budget?

Returning the Australian Government’s finances to a sustainable position following the Global Financial Crisis continues to present a challenge for government. While the 2017–18 Budget… Read More ›

Economic Scenario Analysis of the 2017–18 Budget Medium-Term Projections

A key objective of the Parliamentary Budget Office (PBO) is to support a more informed policy debate. Part of that objective is achieved by providing… Read More ›

All About Parliamentary Budget Office Costings

It may come as little surprise to longstanding observers of the budget process that the exercise is rife with political rhetoric. Seasoned platitudes include “living… Read More ›

Analyzing Rhetoric in the Budget Process: Context and Impact

Forty-one years ago this week the decision was taken to split the Department of Finance from the existing Treasury. Then-Prime Minister Malcolm Fraser and his… Read More ›

Rethinking Finance: Why Australia Needs a New Portfolio Approach

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