I am pleased to present Treasury’s Corporate Plan 2020-21, as required under section 35(1)(b) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act).
Treasury is the Government’s pre-eminent economic adviser. This is a significant responsibility which relies on our professionalism, judgment and expertise in providing advice to the Government that supports the effective management of the Australian economy.
Treasury’s purpose is to support and implement informed decisions on policies for the good of the Australian people, consistent with achieving strong, sustainable economic growth and fiscal settings.
COVID-19 – a once in a century pandemic – has delivered an enormous shock to our economy and society.
Our work is vital to supporting our economic recovery over the coming years and is focused on developing economic advice and analysis, as well as designing and delivering programs to support the economy, business confidence and jobs.
Our plan shows how we will direct our efforts to achieve our purpose in 2020-21 and over the next four years. Our work will be informed by the Government’s economic priorities, to be outlined in the October 2020 Budget.
Our plan provides an overview of Treasury’s operating environment, key priorities and activities, capabilities and how we will measure performance.
This is our primary planning document and has been prepared in accordance with the requirements of the PGPA Act.
I look forward to reporting on our progress in the annual performance statements included in the Treasury Annual Report.
Dr Steven Kennedy PSM
Secretary