Output 4.2 Financial Management
Overview
The directorate is responsible for advising the Government and agencies on the development of the Territory's Budget; providing policy and budget advice on a range of Government priorities and services; and advising on financial issues relating to agencies and the Territory including whole of government financial reporting.
The directorate is also responsible for reviews of services, programs and functions provided by the Government.
Highlights
In 2017-18 against this output the directorate:
- prepared the Territory’s Consolidated 2016-17 Annual Financial Statements, the 2017‑18 Budget Review and the 2018-19 Budget consistent with legislative requirements and timeframes;
- prepared the budget appropriation bills - the Appropriation Act 2017-2018 and Appropriation (Office of the Legislative Assembly) Act 2017-2018 - which were passed by the Assembly on 24 August 2017;
- prepared supplementary appropriation bills - Appropriation Act 2017-2018 (No. 2) and Appropriation (Office of the Legislative Assembly) Act 2017-2018 (No. 2) - which were passed by the Assembly on 12 April 2018;
- provided regular updates to the Budget Committee of Cabinet on the Territory’s finances to allow the Government to manage public finances appropriately and maintain a strong balance sheet;
- coordinated and participated in ‘across government’ and national working groups, and provided policy advice on national reform initiatives including the National Health Reform Agreement, National Disability Insurance Scheme and school funding reforms;
- worked with directorates on the development of policy through involvement in meetings and working groups including the Health Infrastructure Operations Working Group, Business Support and Infrastructure Executive Committee, and the Public Housing Renewal Program Steering Committee;
- provided regular updates to the Government on the progress of its infrastructure program , including regular reports to the Budget Committee of Cabinet; and
- commenced and completed a review of Care and Protection and Out of Home Care Services and a review of ACT Libraries.
The directorate met all of its accountability indicators against this output.
Future Directions
In 2018-19, the directorate will:
- prepare the 2018-19 Budget Review and the 2019-20 Budget, and the Territory’s Consolidated 2017-18 Annual Financial Statements;
- coordinate the government’s budget processes and report on financial outcomes;
- provide regular updates to the Budget Committee of Cabinet on the Territory’s finances to allow the Government to manage the public finances appropriately and maintain a strong balance sheet;
- work with directorates to ensue sound financial management and high quality advice to Cabinet; and
- undertake two reviews considering options to deliver sustainable repairs and maintenance and property services, across the ACT government.
Further information can be obtained from
Stephen Miners
Deputy Under Treasurer
Economic, Budget and Industrial Relations
+61 2 6207 5071
Stephen.Miners@act.gov.au
Mark Whybrow
Executive Director
Finance and Budget
+61 2 6207 13758
Mark.Whybrow@act.gov.au