The Parliamentary Budget Office (PBO) has released a consultation paper, PBO costing processes, timeframes and prioritisation framework, and is seeking stakeholder submissions by 15 December 2017.

The consultation paper is released following the PBO Review 2016-17 reported that there is a lack of understanding of the factors that determine how long it takes the PBO to complete a costing and of the principles that the PBO uses to determine the relative priority of requests they receive.

It provides information on the costing process, the factors that affect the time it takes for the PBO to respond to costing requests and the framework that the PBO applies to prioritise competing demands for costings resources. Stakeholders are invited to email their submissions to [email protected] and they will be made public unless otherwise requested.

The consultation paper is available here.

The PBO has also released two information papers to help explain to the public what policy costing is and how broader economy-wide effects are captured in policy costings.

The papers, What is a Parliamentary Budget Office costing? and Including broader economic effects in policy costings, are available here and here.

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