Delivering Budget Outputs

Treasury is responsible for delivering 15 Budget Outputs:

1.1 Budget development and management

1.2 Financial management and accounting services

1.3 Shareholder advice on Government businesses

1.4 Government property and accommodation services

1.5 Government procurement services

2.1 Economic policy advice

2.2 Fiscal policy and regulatory advice

2.3 Market Structures Facilitation

3.1 Tax administration and revenue collection

3.2 Regulation and administration of liquor and gaming

3.3 Government prices oversight and energy regulation

4.1 Bass Strait Islands Community Service Obligation

4.2 The Public Trustee Community Service Obligation

4.3 Community support levy

4.4 Anzac Day Trust and Royal Society of Tasmania

The Branches

On 1 January 2008 "energy market issues" was transferred from Output Group 1, where it had been the responsibility of Shareholder Policy and Markets Branch, to Output Group 2 to become a responsibility of Economic Policy Branch.

The current responsibilities of the nine branches that deliver Budget Outputs are described below.

Budget Management

The Budget Management Branch provides advice to the Government on the resource management of Government agencies and, in conjunction with the Government Finance and Accounting Branch, develops and implements financial management policy in the public sector. Preparing and monitoring the State Budget on behalf of the Government is a key element of these responsibilities.

Government Finance and Accounting

The Government Finance and Accounting Branch maintains the financial records of the Public Account, including the Finance-General Division and whole-of-government financial activities; manages State financial assets and borrowing activities; undertakes whole-of-government financial and statistical reporting; develops and promulgates financial management policy and practices for the Tasmanian public sector; manages the operation of the integrated Budget Management and Financial Reporting System; and provides executive support for the Heads of Treasuries Accounting and Reporting Advisory Committee.

Shareholder Policy and Markets

The Shareholder Policy and Markets Branch is responsible for managing the Crown's interests in Government Business Enterprises and State-owned Companies. This includes reporting to the Treasurer on corporate plans, business plans and financial performance; advising on strategic issues, investment and diversification opportunities; and promoting best practice corporate governance. The Branch also interacts with international credit rating agencies; coordinates the necessary arrangements to facilitate a more competitive telecommunications market in Tasmania; and provides advice on the development of the State's infrastructure, including private sector involvement.

Procurement and Property

The Procurement and Property Branch is responsible for property sales and accommodation management; procurement policy and whole-of-government contract management; and the management and funding of specific, identified, insurable liabilities of agencies through the Tasmanian Risk Management Fund.

Economic Policy

The Economic Policy Branch is responsible for providing advice to the Treasurer on international, national and Tasmanian economic issues relevant to the Tasmanian economy, and on economic policy and reform issues. It also provides research and secretariat support for the Demographic Change Advisory Council and on 1 January 2008 took over responsibility for advising on energy market issues.