Ministerial Portfolios

Treasury

The Treasury Directorate provides strategic financial and economic policy advice to the Government with the aim of promoting the Territory’s financial position and economic management.

Treasury plays a leading role in promoting accountability and transparency in the delivery of services to the community.  This is achieved through sound financial policies, management practices and analysis.

2011-12 Priorities

Strategic and operational issues to be pursued in 2011-12 include:

• assisting the Government to maintain the Territory’s AAA credit rating through sound and sustainable economic and financial management;
• continuing expenditure reviews to support the savings adjustment required to return the Budget to surplus by 2013‑14;
• providing regular updates to the Budget Committee of Cabinet on the Territory’s finances;
• supporting the ACT Taxation Review Panel;
• coordinating the Government’s budget and reporting on financial outcomes;
• implementing gateway reviews for large and / or complex projects;
• continuing to improve the Territory’s financial management framework;
• continuing to monitor and provide regular advice to the Government on the progress of its infrastructure program, including regular reports to the Budget Committee of Cabinet;
• strengthening the Territory's Regulatory Impact Statement processes; and
• continuing the reforms to Compulsory Third Party Insurance. 

Economic Development (Inc Tourism, Sport and Recreation)  

Labor has established the Economic Development Directorate to work with the business community in relation to economic development and business support programs and to design and deliver the Government’s land release program.  The Directorate will lead the ACT and capital region tourism industry to create and implement a variety of marketing and development programs.  

The Directorate will also facilitate access to a range of sporting and recreation activities by managing sporting programs, venues, sportsgrounds and community events. 

2011-12 Priorities

Strategic and operational issues to be pursued in 2011-12 include:

• reducing unmet demand for residential land by increasing residential land releases for the affordable and sustainable development of the ACT;
• reducing house and unit price pressures;
• optimising the Territory’s social, environmental and economic return from land releases through engagement with commercial, industrial, community and residential entities;
• building an inventory of urban renewal opportunities;
• continuing implementation of the Government Office Building in Civic and provision of Government office accommodation in Gungahlin;
• continuing development of the National Arboretum Canberra;
• delivering major tourist events, including Floriade, Floriade Nightfest, and Enlighten Autumn Festival;
• managing business programs that support industry development, trade and investment activities and skilled and business migration;
• upgrading major sporting facilities including the Canberra Stadium, Stromlo Forest Park, Manuka Oval and restoration of  sportsgrounds at Charnwood and Isabella Plains; and
• delivering a range of tactical tourism marketing campaigns in partnership with the tourism industry.