Chapter 2: Departmental and Portfolio Overview

Finance's Purpose and Outcomes

As one of the Australian Government’s central agencies, Finance helps the government to shape and deliver its agenda, particularly in relation to its fiscal and economic agendas, better practice regulation reform and the operations of the government.  This is reflected in Finance’s Statement of Purpose:

We provide high quality, strategic policy and financial advice to support government decision-making and improved Australian Government financial management.

We deliver professional support services to our Ministers, Parliamentarians and their staff, and the government as a whole.

Finance assists the government to achieve its policy objectives by contributing to the following four outcomes:

  • Outcome 1 – sustainable government finances – assisting the government to meet its fiscal objectives by providing whole-of-government advice on expenditure, helping prepare the Australian Government Budget, producing whole-of-government financial reporting, and advising on the Australian Government’s Asset Funds and on best practice regulation.
  • Outcome 2 – improved and more efficient government operations – providing advice on procurement policy including public-private partnerships, providing shareholder oversight of GBEs and other commercial entities, undertaking major construction projects that are assigned by the government for management by Finance, managing the non-Defence property portfolio within Australia, administering the Australian Government’s self-managed general insurance fund, and advising on Commonwealth land and public works policy.
  • Outcome 3 – an efficiently functioning Parliament – providing advice to Ministers on parliamentary entitlement issues, providing facilities and services including electorate office facilities, travel and accommodation entitlement support, personnel-related services and VIP car hire services to current and certain former Parliamentarians and their staff, and providing secretariat support for the Australian Political Exchange Council.
  • Outcome 4 – effective and efficient use of information and communication technologies by the Australian Government – providing advice and service to government to improve the delivery of government information and services online, to obtain value for money in government ICT procurement and project management, and to develop the capacity of the APS workforce to deliver ICT programs and address ICT skills shortages.

A diagrammatic representation of Finance’s outcomes and outputs structure at 30 June 2009 is at Figure B.

Figure B: Structure of Finance Outcomes and Outputs at 30 June 2009

Figure B - Structure of Finance Outcomes and Outputs at 30 June 2009. Text description below.

Text description of Figure B: Structure of Finance Outcomes and Outputs at 30 June 2009

Changes to Finance’s Outcome and Output Structure for the 2009-10 year

No changes were made to Finance’s outcomes and outputs during the 2008-09 year.  However, on 1 July 2009 as part of the Operation Sunlight Outcome Statements Review, Finance’s outcome statements changed.  Finance’s 2009-10 Portfolio Budget Statement outlines the new outcome structure and this will form the basis of performance reporting for that year’s Annual Report.

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