Periodicity in Parliamentary Budget Offices: The Case of New South Wales
Discussion Paper Series: The Art and Science of Legislative Budget Offices, 2017
9 Pages Posted: 5 Apr 2017
Date Written: April 4, 2017
Independent Fiscal Institutions (IFIs) such as Parliamentary Budget Offices (PBO), both at the national and subnational levels, are generally created as permanent (continuously functioning) entities to serve the budget process. However, an innovation in the periodicity of IFIs is found in the state of New South Wales (Australia), where the PBO is created every election cycle, disbanded, and then recreated in the following cycle. This discussion paper considers the consequences of periodicity in the function of IFIs by examining the advantages and disadvantages of the PBO model as formulated in New South Wales.
Keywords: Parliamentary Budget Office, Budgeting, Transparency, Accountability, Fiscal Policy, Institutions, Australia, New South Wales, Legislative Budget Offcie, Independent Fiscal Institutions
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