Semester 2 - Online
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Public sector budget frameworks are premised on efficiency, effectiveness and the ethical use of taxpayer’s money. This subject considers how public managers and ministers work within these frameworks to balance at times competing objectives and political undercurrents, including accountability under legislation, the legislative committee process, and the audit process. The focus is on OECD countries and trends in budget and spending review cycles, the empowerment of finance ministries and audit institutions, the adoption of private sector practices, fiscal rules and principles, and intergenerational equity. In managing public expenditure this subject examines the design of tax and social welfare systems, how budgets are political and the interplay between governments and capital markets.
Intended learning outcomes
On successful completion of this subject, students should have:
- be able to explain how government is financed;
- be able to deconstruct and evaluate the macroeconomic framework underpinning public policy;
- be able to assess and critique different accountability and political processes;
- be able to identify, examine and appraise different budget models; and
- be able to design budget statements.
- be able to apply research skills and critical methods.
- be able to develop persuasive arguments.
- able to communicate oral and written arguments and ideas effectively.
Last updated: 3 November 2022