1. Budgeting in Australia
Context
Successes
Challenges

6. The Budget Process Key Elements to Success? Public support
Principles - focus on transparency
Fiscal ``rules`` or anchors
Design and Implementation
Forward estimates
Accrual budgeting, measuring outcomes
Cabinet structure, powerful central committees

7. The Budget Process Challenges Fiscal anchors The details:
Spending control; asset target?
Centralized process should help
The details:
Accrual accounting/budgeting - difficult to implement
Measuring outcomes