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.

Wellbeing framework Government Treasury Living standards

Featured in the TDB Digest September 2019

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2021-08-27T00:41:29+00:00September 1st, 2019|Government, Regulatory Expertise|Comments Off on The Wellbeing Framework