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The Wellbeing Framework

The Wellbeing Framework

The Government’s wellbeing approach to its budget and policy-making has been held up as a world-leading new approach. But how new is it really, and most importantly, will it actually make us better off?

In a recent article in the NBR, TDB Director Phil Barry discusses some of the risks and potential setbacks of this approach, raising four key questions:

  1.   will it encourage the government to use the wrong tool for the job;
  2.   who is best placed to assess and promote wellbeing, government or ourselves;
  3.   who becomes the champion of financial discipline in the government if the Treasury is focused on assessing overall wellbeing; and
  4.   where does productivity feature in the framework?

Unpacking the Wellbeing framework from another perspective, uncover the details in Phil’s article.

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2020-09-15T21:52:02+00:00September 1st, 2019|Government, Regulatory Expertise|Comments Off on The Wellbeing Framework
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