Parliamentary Budget Office
From Wikipedia, the free encyclopedia
- Sam Reinhardt, Parliamentary Budget Officer
 | |
| Agency overview | |
|---|---|
| Formed | July 23, 2012[1] |
| Jurisdiction | Parliament of Australia |
| Headquarters | Canberra |
| Agency executive |
|
| Website | pbo |
The Parliamentary Budget Office (PBO) is an agency of the Australian Parliament whose purpose is to "inform the parliament by providing independent and non-partisan analysis of the budget cycle, fiscal policy and the financial implications of proposals".[2][3] It was established by the Gillard government following minority government formation negotiations.[4][5] Following that commitment, a Joint Parliamentary Committee on the Parliamentary Budget Office was convened, chaired by John Faulkner.[6] The PBO's independence is enshrined in legislation.[7]
In 2013, Treasurer Wayne Swan introduced legislation requiring the PBO to conduct a post-election audit to cost political parties' electoral commitments.[8][9]
In its first independent report, the PBO noted that the Australian federal budget had an underlying structural deficit, caused in part by Howard government personal income tax cuts.[10]
