The proposed BPORs alongside recent investments in improving amendments would contribute to the the evidence base for policy decision-making, embedding of the government’s Measuring marks an opportunity for the Commonwealth What Matters framework by encouraging the Government to shift towards policies that development of transformative policies with better meet the needs of current and future real. [...] This the projected increase or decrease in demand includes recognising the broader impacts for government services attributable to a of policy proposals beyond portfolio particular intervention not only contributes to areas, and the interconnected nature of accurate and sustainable fiscal calculations, but does so in a way that can further the many of the problems the government government’s Measu. [...] that is applied to all policy proposals, but rather an amendment to the rules that ensures the best chance of them being applied effectively, rigorously, and in keeping 2.1 The importance of changing the with intentions to align with the long-term BPORs wellbeing and flourishing of society. [...] the loop' and tying funding directly to the Combined with the inclusion of SRFEs in savings that early intervention generates, costings, allowing savings and costs beyond they lack a mechanism that allows the fund to 10 years would support a broader culture grow based on the savings that it generates. [...] Typically, “estimate of the avoided cost to the second round economic effects are Government from the reduction in the use of challenging to robustly estimate, represent a acute services”.4 high degree of uncertainty, and present a risk 3 For example, the Journey to Social Inclusion of double counting.
- Pages
- 14
- Published in
- Australia
Table of Contents
- Better aligning budget process rules with Measuring What Matters 1
- About CPD 2
- Table of Contents 2
- Executive Summary 3
- Summary of Recommendations 4
- 1. Second round fiscal effects and wellbeing 5
- 1.1 Removing a barrier to early intervention and prevention 6
- 1.2 Removing a barrier to joined-up decision making 6
- 1.3 Accurately representing long-term costs of policies 6
- 2. Suggested changes to the BPORs 7
- 2.1 The importance of changing the BPORs 7
- 2.2 Extending the timeframe for assessing proposals 8
- 3. Ensuring a high level of 8
- 3.1 Second round fiscal effects should not be conflated with second round economic effects 9
- 3.2 Case study Banking second round fiscal effects via the Victorian Early Intervention Investment Framework 9
- 3.3 Considerations for evidence- based decision-making and the counting of SRFEs 10
- 3.4 Cross-jurisdictional considerations 10
- Conclusion 11
- Appendix Specific recommended BPORs amendments 12
- Section 2.5 12
- Section 3.3 12
- Section 3.35 12
- Section 5.2 13
