The Economic Policy Branch monitors trends in the global, national and Tasmanian economy and provides economic policy advice to the Government.
In undertaking its tasks the Branch produces a number of reports, some of which are outlined below.
Annual Budget Papers
The Branch is responsible for preparing a chapter on the Tasmanian economy, which for several years has been Chapter 2 of Budget Paper No. 1.
Click here for current and archived Budget Papers.
Review of the role of the Tasmanian Economic Regulator
The Regulator is an independent statutory body with responsibilities in relation to the Tasmanian electricity, gas and water and sewerage sectors, as well as the pricing of some government businesses, taxi fare methodology inquiries and investigating competitive neutrality complaints.
The purpose of this review is to assess the scope of the Regulator’s functions to identify any potential reductions in regulatory costs for the Tasmanian community where the overall benefits exceed the costs.
A Paper has been prepared by Treasury which outlines a number of proposals. Stakeholders and the wider community are invited to provide written submissions. Submissions to the Department of Treasury and Finance at email@example.com are due by 30 January 2015.
Updated Treasury population projections for Tasmania and its Local Government Areas
The Department of Treasury and Finance has prepared population projections for Tasmania covering a period of 50 years (from 2013 to 2062), and for Tasmania’s Local Government Areas for 25 years (from 2013 to 2037). These replace the Tasmanian population projections that Treasury prepared in 2008 for the Demographic Change Advisory Council, which has since been disbanded.
Structural Change in the Tasmanian Economy
The Tasmanian economy has undergone significant structural changes in recent decades. To promote understanding and discussion of the implications of these changes, Treasury has released a report titled Structural Change in the Tasmanian Economy.
The report, released in April 2013, provides an analysis of the major, long term structural changes and shorter term cyclical changes in the Tasmanian economy.
Tasmania’s Economic Performance, A Longer Term Perspective
In the 2013-14 Budget, Treasury published an appendix to Budget Paper No 1, Chapter 2: The Tasmanian Economy. This appendix looked at recent Tasmanian economic performance against the long-term average. As the appendix has use for reference purposes, Treasury has made it available as a stand-alone document, Tasmania’s Economic Performance, A Longer Term Perspective.
The Branch also prepares research reports for public release. Examples include:
Economic Reform Unit
The focus of the Economic Reform Unit is to identify opportunities for economic reform and promote best practice regulation.
Its core responsibilities include:
Economic Analysis Unit
As part of its forecasting and reporting role, the Economic Analysis Unit provides advice to the Government on global, national and Tasmanian economic conditions. The EAU monitors a wide range of indicators for the Tasmanian and Australian economy. The EAU provides public data releases which incorporate this work. Data releases report on movements in key indicators in relation to the Tasmanian economy and are available for a range of indicators. Click here for data releases.