NSW Treasury releases new Outcome Budgeting policy
The NSW Treasury has release the new policy and guidelines addressing outcome based budgeting. It aims to define how outcomes-based budgeting is applied in the NSW government sector, including the application of the Outcome Budgeting Framework. NSW government agencies will be required to collect and report certain supporting information and ensure the performance measurement monitoring is incorporated into financial monitoring procedures.
The policy can be found on the NSW Treasury website here
For a look at what outcomes-based budgeting is and how it will be applied, you can read the following insight articles:
If you need further clarification or help with outcomes-based budgeting and what it means for your organisation, feeel free to contact us at email@example.com or via the button below.