The Queensland Treasury Annual Report 2020-21 is an integral part of our corporate governance framework and one of the main tools we use to ensure we are accountable to the Queensland Parliament and the community about our activities.
These annual financial statement requirements include the Minimum Reporting Requirements and assist agencies in the preparation of their financial statements. The requirements provide updates on new and revised accounting policies and standards and additional guidance and advice on the application of such policies and standards.
The Treasurer and Minister for Investment, the Honourable Cameron Dick MP, tabled the 2021-22 Queensland Budget in Parliament on Tuesday 15 June 2021.
Our Queensland Treasury Strategic Plan 2021-2025 outlines how we will achieve our vision of a strong economy for all Queenslanders. It reflects our purpose to drive government priorities through our expert advice and services. Our objectives aim to grow the Queensland economy and create jobs, deliver fiscal sustainability, equip our workforce for the future and drive public sector reform.
In accordance with its 2015 election commitment, the Queensland Government has commissioned Queensland Treasury to undertake a Review of the State’s finances. The Review was published alongside the 2015-16 State Budget on 14 July 2015.
The Review gave consideration to the State’s medium-term fiscal projections and strategy and discussed options to refocus the State’s balance sheet. The Review also made recommendations in relation to the Government’s five fiscal principles.