The Australian Parliamentary Budget Office: A Sustainable Innovation in Fiscal Decision-Making?

32 Pages Posted: 27 Feb 2013

See all articles by Miranda Stewart

Miranda Stewart

University of Melbourne - Law School; Australian National University (ANU) - Crawford School of Public Policy

Date Written: February 26, 2013

Abstract

The establishment of the new Australian Parliamentary Budget Office in 2012 has created a body capable of increasing the transparency and accountability of public finance by providing independent policy costings, budget analysis, and forecasts to the Parliament. This working paper examines the role and mandate of the Office in the context of comparable independent fiscal institutions in the US, the Netherlands, UK and Canada. It finds that there is a marked difference between the role and mandates of ‘veteran’ and ‘new generation’ institutions that has stemmed from their distinct origins. Critical to the success and credibility of all institutions appear to be local ownership, political commitment, and adequate funding.

Keywords: Austraiian Parliamentary Budget Office

JEL Classification: K00, K34

Suggested Citation

Stewart, Miranda, The Australian Parliamentary Budget Office: A Sustainable Innovation in Fiscal Decision-Making? (February 26, 2013). U of Melbourne Legal Studies Research Paper No. 628, Available at SSRN: https://ssrn.com/abstract=2225543 or http://dx.doi.org/10.2139/ssrn.2225543

Miranda Stewart (Contact Author)

University of Melbourne - Law School ( email )

Melbourne, Victoria 3010
Australia
+61 3 8344 6544 (Phone)

Australian National University (ANU) - Crawford School of Public Policy ( email )

7 Liversidge Street
Lennox Crossing
Canberra, ACT 0200
Australia

HOME PAGE: http://https://crawford.anu.edu.au/people/academic/miranda-stewart

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
91
Abstract Views
530
rank
316,257
PlumX Metrics