State Budget management and strategy
For further information
- Phone: +61 7 3224 5575
- info@treasury.qld.gov.au
Effective State Budget management and strategy development assists the Government in meeting its social and fiscal responsibilities outlined in the Charter of Social and Fiscal Responsibility.
Treasury is responsible for State Budget management and strategy development which is supported by our role of management of the State's financial assets and liabilities.
Our key activities are to:
- Coordinate the State Budget process.
- Work with other State Government agencies to monitor and assess financial and non-financial performance against Budget forecasts. As part of this process, updated Budget forecasts are published annually as part of the Mid Year Fiscal and Economic Review.
- Provide policy advice to the Government to enable the maintenance of a competitive taxation environment.
- Develop financial management policies and provide associated technical advice and assistance to Government agencies on issues such as entering into leasing arrangements, financial derivative transactions and borrowing requirements.
- Manage rating agency reviews through the coordination of ratings agency visits, provision of advice to ratings agencies on the State finances and economic outlook, and developing and maintaining professional working relationships and acting as a point of liaison with ratings agencies.
- Assist in managing and monitoring the State's investments and general Government debt, including the management of future superannuation liabilities.
- Provide advice with regard to the Statutory Bodies Financial Arrangements Act 1982.
- Assist the Under Treasurer with corporate governance of the Queensland Treasury Corporation.
Last reviewed 30 October 2007
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