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Departmental overview

Treasury is the Government’s pre-eminent economic adviser.

This is a significant responsibility which relies on our professionalism, judgment and expertise in providing advice to the Government that supports the effective management of the Australian economy.

The Treasury Portfolio Budget Statements 2019-20 outcome is:

Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth, through the provision of advice to Treasury Ministers and the efficient administration of Treasury’s functions.

Under the Treasury Corporate Plan 2019-20, our purpose is to support and implement informed decisions on policies for the good of the Australian people, consistent with achieving strong, sustainable economic growth and fiscal settings.

COVID-19 - a once-in-a-century pandemic – delivered an enormous shock to our economy. The effective delivery of our purpose was even more important as we assisted the Government’s economic response and recovery efforts.

Our work has been vital in supporting the Government’s economic response to the pandemic and is now focused on developing economic advice and analysis as well as designing and delivering programs to support the Government’s economic recovery measures focused on employment and building confidence of individuals and businesses.

Treasury Group senior management as at 30 June 2020

Treasury outcome and program structure

Outcome 1: Supporting and implementing informed decisions on policies for the good of the Australian people, including for achieving strong, sustainable economic growth, through the provision of advice to Treasury Ministers and the efficient administration of Treasury’s functions.

Program 1.1: Department of the Treasury

Program 1.2: Payments to International Financial Institutions

Program 1.3: Support for Markets and Business

Program 1.4: General Revenue Assistance

Program 1.5: Assistance to the States for Healthcare Services

Program 1.6: Assistance to the States for Skills and Workforce Development

Program 1.7: Assistance to the States for Disability Services

Program 1.8: Assistance to the States for Affordable Housing

Program 1.9: National Partnership Payments to the States