Treasury is the Government’s lead economic adviser. Treasury’s purpose is to provide advice to the Government and implement policies and programs to achieve strong and sustainable economic and fiscal outcomes for Australians. This is a significant responsibility which relies on our professionalism, judgment and expertise.
Our work during 2021‑22 was a vital part of the economic response to COVID-19. Our work was focused on providing sound economic advice and analysis to foster sustainable economic outcomes. We continued to design and deliver policies and programs that assist in securing Australia’s prosperity.
Our effectiveness continues to be underpinned by the capability of our staff, our ability to quickly adjust and our preparedness to take on new challenges.
Strong relationships fostered across the Commonwealth, states and territories, international counterparts and a wide range of external stakeholders, enable us to deliver integrated economic advice and promote well functioning markets.
We focus on the wellbeing of our staff and building an inclusive culture. It has been pleasing to see how well teams have been working together as we adjust to living with COVID-19.
This Corporate Plan – for the reporting period 2022‑23 to 2025‑26 – sets out how we will direct our efforts to achieve our purpose and deliver on the new Government’s priorities.
Our plan provides an overview of Treasury’s operating environment, key priorities, activities and risks, our capabilities, and how we will measure our performance.
I am pleased to present our Corporate Plan as required under paragraph 35(1)(b) of the Public Governance, Performance and Accountability Act 2013 (PGPA Act). 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