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Financial management framework

• Overview of the framework
• 1. Set high-level Government objectives and priorities
  • 1.1 Identify desired community outcomes
  • 1.2 Set fiscal objectives
  • 1.3 Set priorities and strategic objectives
  • 1.4 Produce specific purpose plans
• 2. Set agency service delivery objectives and strategies
  • 2.1a Undertake strategic planning
  • 2.1b Develop MPS Output Statements
  • 2.2 Undertake agency operational planning
  • 2.3 Undertake asset strategic planning
  • 2.4 Undertake ICT resources strategic planning
  • 2.5 Undertake other agency planning
• 3. Allocate resources to meet Government service demands and achieve desired outcomes
  • 3.1 Develop and approve global fiscal strategy based on whole-of-Government fiscal position
  • 3.2 Develop and approve annual Budget priorities
  • 3.3 Develop Budget process
  • 3.4 Regularly update CBRC on whole-of-Government fiscal position based on Forward Estimates
  • 3.5 Brief CBRC on agency Budget submissions
  • 3.6 Make resource allocation decisions and advise outcomes
  • 3.7 Update whole-of-Government Forward Estimates
  • 3.8 Prepare and finalise annual State Budget papers
  • 3.9 Endorse budget
  • 3.10 Table Budget papers in Parliament
  • 3.11 Conduct Estimates Committee Hearings
  • 3.12 Consider the Appropriation Bills
• 4. Allocate resources to meet agency service demands and achieve desired outcomes
  • 4.1 Prepare and develop agency budget priorities
  • 4.2 Submit budget submissions
  • 4.3 Portfolio Ministers advocate budget requests with CBRC
  • 4.4 Update Forward Estimates
  • 4.5 Prepare and finalise Budget and other documentation
  • 4.6 Manage interim supply period
  • 4.7 Address Estimates Committee questions on notice
  • 4.8 Prepare for and attend Estimates Committee hearings
  • 4.9 Undertake agencies' internal budget allocation processes
• 5. Manage resources to achieve Government outcomes
  • 5.1 Discuss with agencies emerging issues and identify risks and consider monitoring requirements
  • 5.2 Monitor issues and identify risks
  • 5.3 Brief CBRC on emergent and variations to resourcing requirements
  • 5.4 Make decisions on emergent and variations to resourcing requirements
  • 5.5 Revise whole-of-Government budget position and Forward Estimates
  • 5.6 Undertake end-of-year process
  • 5.7 Report actual results
• 6. Manage resources to deliver agency services
  • 6.1 Manage and monitor performance, monitor issues and identify risks and opportunities
  • 6.2 Realign agency resources to meet emergency resourcing
  • 6.3 Identify emergent and variations to resourcing requirements resulting from risks and opportunities
  • 6.4 Update Operational plans
  • 6.5 Undertake initial end-of-year process
  • 6.6 Report on final/actual results
  • 6.7 Provide information to Treasury
• Case studies
• Resources

3. Allocate resources to meet government service demands and achieve desired outcomes

'Allocate resources to meet Government service demands and achieve desired outcomes' depicts whole-of-Government level resource allocation and corresponds to step 3 in the framework overview document.

Steps of the component

• 3.1 Develop and approve global fiscal strategy based on whole-of-Government fiscal position (CBRC)
• 3.2 Develop and approve annual Budget priorities (CBRC)
• 3.3 Develop Budget process (developed by Treasury; approved by CBRC)
• 3.4 Regularly update CBRC on whole-of-Government fiscal position based on Forward Estimates (Treasury)
• 3.5 Brief CBRC on agency Budget submissions (DPC and Treasury)
• 3.6 Make resource allocation decisions and advise outcomes (CBRC)
• 3.7 Update whole-of-Government Forward Estimates (Treasury)
• 3.8 Prepare and finalise annual State Budget papers (Treasury)
• 3.9 Endorse budget (Cabinet)
• 3.10 Table Budget papers in Parliament (Treasurer)
• 3.11 Conduct Estimates Committee Hearings (Parliament)
• 3.12 Consider the Appropriation Bills (including supply for following year) (Parliament)

Overview of the component

This diagram explains processes within the annual resource allocation process (i.e. the State Budget) from a whole-of-Government perspective, including explaining who is involved in each process.

Last reviewed 23 July 2009

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