The government’s ability to grow the economy and improve the wellbeing of Queenslanders is supported by a prudent fiscal strategy. A cornerstone of each year’s Queensland Budget, it outlines the principles by which the government manages Queensland’s finances.
Each year’s Budget, mid-year review and end-of-year reports outline the government’s performance against these principles. We take a lead role in strengthening the government’s financial accountability by partnering with agencies to meet their obligations under the Financial Accountability Act 2009, and make their best contribution to the government’s priorities for Queenslanders.
In 2018, the government engaged Professor Peter Coaldrake to review how public sector workforce data is collected and reported and to assess the skills required for the future workforce. The government has accepted, or accepted in principle, all of the review’s recommendations.
One of the recommendations from Professor Coaldrake’s review was to ‘nuance’, or provide further detail about, the representation of Fiscal Principle 6.
In the 2019–20 Queensland Budget, Treasury used expanded full-time equivalent data to show health and education growth separately from the rest of the public sector.
Treasury is working with central agencies to implement the recommendations, which include adopting a single workforce database; replacing quarterly Workforce Profile Reports with half-yearly reports covering sector-wide analysis and trends; and adopting a consistent approach to reporting and monitoring of the ‘indirect’ workforce (i.e. contractors and consultants).