Budget
Alternative labels
Government budget
Budget analysis
Public budgeting
Case study
Victoria State Government’s Early Intervention Investment Framework
The Victorian Government introduced the Early Intervention Investment Framework in 2021 with the aim to guide early intervention policy and budget proposals that focus to improve lives of inhabitants by linking government’s funding to quantifiable impacts. This case study gives an overview of the framework which provides a basis for trialling innovative early intervention initiatives.
Report
Mid-year economic and fiscal outlook 2024–25
Updated information on the Government’s economic and fiscal outlook since the previous budget. Against a challenging global backdrop, economic growth in Australia is expected to improve over the forecast period. It details measures to provide relief to Australians, repair the budget and reform the economy, identifying a number of national priorities.
Report
Budget monitor: soft landing, hard truths
The report provides independent projections of the Federal Budget, including detailed estimates of future spending and revenues. It forecasts an underlying cash deficit $5.2 billion worse than estimated in the 2024-25 budget. This is a significant deterioration from the $15.8 billion surplus in 2023-24.
Briefing paper
Gorillas in the mist: how government obscures its spending
This examination of growing off-budget spending by Australian federal and state governments warns that the practice sacrifices transparency and accountability to advance policy objectives. The author argues that by improving the appearance (but not the reality) of the budget position, the practice creates long-term fiscal risks that are not fully appreciated by government.
Briefing paper
National fiscal outlook: as at 2024-25 Budgets
An overview of the Australian national fiscal outlook, consolidating forecasts from state and territory budgets with the Australian Government’s budget. Although the fiscal position has worsened across states and territories, the overall outlook has improved, suggesting long-term fiscal sustainability.