NSW budgets to measure wellbeing, not just dollars and cents

·

NSW Finance Minister Courtney Houssos says future state budgets will include a performance and wellbeing framework that aims to drive “positive social outcomes” and improve transparency.

According to The Sydney Morning Herald, the NSW government will revise the state budget to include people’s well-being in addition to standard economic measures like growth, employment, and deficit.

Other countries that have adopted wellbeing frameworks to assess results not entirely represented by economic statistics include the United Kingdom, Canada, New Zealand, and Germany.

Targets for vital services such as health, education, transport and housing will be scrutinised. (Dan Himbrechts/AAP PHOTOS
Targets for vital services such as health, education, transport and housing will be scrutinised. Photo: Dan Himbrechts/AAP. PHOTOS

Mrs Houssos said measuring improvements in schooling standards was an example of how the framework would help.

“Addressing the big challenges facing the state will take time, and we want to show how we are progressing on the solutions,” Houssos said.

“We will consider what other countries around the world are doing and where we can learn from them.”

The performance and wellness framework in the NSW budget will replace the former Coalition government’s outcomes statement, which comprised over 250 objectives and 700 performance metrics.

Source: The Sydney Morning Herald

Cretan Convention - Web Banner

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Stephen Pallaras KC to contest election after mystery accident

Former state prosecutor Stephen Pallaras KC says he will still contest next year’s SA election despite suffering serious injuries.

Michael Theoharis among 55 charged in SA-wide AN0M sting

Fifty-five people have been charged following coordinated dawn raids across South Australia as part of a major AN0M sting.

Hurricane Melissa leaves dozens dead across the Caribbean

Hurricane Melissa, one of the strongest storms on record, has left dozens dead and widespread devastation across Jamaica, Haiti and Cuba.

Prosecutors allegedly link Perry Kouroumblis to Easey St murders with DNA evidence

Prosecutors in Melbourne’s Easey Street murder case allege that DNA found is “highly likely” to have come from Perry Kouroumblis.

Mitsotakis unveils ‘Ark of National Memory’ as Greece embarks on €28 billion defence modernisation

Greek Prime Minister Kyriakos Mitsotakis unveiled the new bioclimatic facade of the Ministry of National Defence on Wednesday night.

You May Also Like

Cleaning service owner Maria Mavromatis devastated over closure of Godfreys

One of Australia's major retailers, Godfrey's Group, is closing due to rising living costs, prompting its closure.

Ange Postecoglou kicks off Celtic success with two pre-season victories

Ange Postecoglou looks to be on the road to riches in Scotland after claiming two victories in his first two games as coach of Celtic FC.

Former US President Jimmy Carter passes away

Former US President Jimmy Carter has passed away at the age of 100. He was a Nobel Peace Prize laureate and served as the 39th president.