Parliamentary Budget Office
| Agency overview | |
|---|---|
| Formed | 23 July 2012[1] |
| Jurisdiction | Australia |
| Headquarters | Canberra, Australia |
| Agency executive |
|
| Website | www |
The Parliamentary Budget Office (PBO) is an agency of the Australian Parliament whose purpose is to "inform the parliament by providing independent and non-partisan analysis of the budget cycle, fiscal policy and the financial implications of proposals".[2][3] It was established by the Gillard government following minority government formation negotiations.[4][5] Following that commitment, a Joint Parliamentary Committee on the Parliamentary Budget Office was convened, chaired by John Faulkner.[6] The PBO's independence is enshrined in legislation.[7]
In 2013, Treasurer Wayne Swan introduced legislation requiring the PBO to conduct a post-election audit to cost political parties' electoral commitments.[8][9]
In its first independent report, the PBO noted that the Australian federal budget had an underlying structural deficit, caused in part by Howard government personal income tax cuts.[10]
See also[edit]
- Parliamentary Budget Advisory Service (South Australia)
- Legislative Analyst's Office (California)
- Congressional Budget Office (United States)
- Bureau for Economic Policy Analysis (Netherlands)
- Parliamentary Budget Officer (Canada)
- National Assembly Budget Office (The Republic of Korea)
- Office for Budget Responsibility (United Kingdom)
References[edit]
- ^ "Case study - Parliamentary Budget Office". National Archives of Australia. Australian Government. Retrieved 13 December 2018.
- ^ "Australia" (PDF). OECD Journal on Budgeting. 2015 (2): 31–48. 2016. Retrieved 18 January 2019.
- ^ Parliamentary Service Act 1999 (Cth) s 64B
- ^ Mulgan, Richard (13 September 2011). "Costing the promises: what is a Parliamentary Budget Office?". The Conversation. Retrieved 18 January 2019.
- ^ Taylor, Lenore; Murphy, Katharine; Pankhania, Madhvi; Bennett, Christian (27 June 2013). "Julia Gillard: a life in politics". The Guardian. Retrieved 14 December 2018.
- ^ Burgess, Verona (31 March 2011). "PBO a no-brainer for Abbott". Australian Financial Review. Fairfax Media. Retrieved 18 January 2019.
- ^ "The Functions and Impact of Fiscal Councils" (PDF). IMF Policy Paper. International Monetary Fund. 16 July 2013. p. 47. Retrieved 18 January 2019.
- ^ Holmes, Brenton. "Hard days and nights: the final 147 days of the Gillard Government". Research Papers 2013–14. Parliamentary Library (Australia). Retrieved 18 January 2019.
- ^ Swan, Wayne. "Press Release - Parliamentary Budget Office amendments pass the Senate [20/06/2013]". Treasury Portfolio Ministers. Australian Government. Retrieved 18 January 2019.
- ^ Griffiths, Emma (22 May 2013). "Hockey defends Howard government tax cuts". ABC News. Australian Broadcasting Corporation. Retrieved 18 January 2019.
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