So this is what Treasury does these days

I was looking for the Treasury paper on wages growth –  it is a very solid piece of work, by the way – but came across the newly designed website.  Actually, I thought the old one was better but I guess all those staff in Sydney, Melbourne and Perth have nothing much to do, so they got to it and redesigned it to make it worse.

But here  I learned:

The Treasury is engaged in a range of issues from macroeconomic policy settings to microeconomic reform, climate change to social policy, as well as tax policy and international agreements and forums.

Is this a joke?  Treasury engaged in climate change.  Treasury engaged in social policy.

Mind you, the Treasury is really making headway with tax policy by recommending all sorts of new levies such as those in relation to superannuation and the Major Bank Levy.  Gosh, I’m glad we pay over 1000 Treasury bureaucrats to dream up those additional, economically damaging imposts.

But don’t you just love Treasury engaging in climate change?  Because that went so well when they undertook the modelling for Gillard’s ill-fated carbon tax.  You know the one that showed there would be minimal impact on our GDP because there would be global carbon price of $28 per tonne from 2016.  That worked well.  But I guess Martin Parkinson wasn’t going to have it any other way.

Along with successive governments of Australia over the past decade, it has been a steady downward decline in the quality of Treasury output and its associated prestige.

Hilariously, the Treasury website even references the bizarre Productivity Commission Shifting the Dial report.

I think the message is: take care when surfing the net.

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21 Responses to So this is what Treasury does these days

  1. stackja

    Martin believed in Parkinson’s law?

  2. NormaP

    Judith, could you give us the url please? I’ve found treasury.gov.au but it doesn’t have the stuff you write about. It has bugger all actually.

  3. Squirrel

    “……climate change to social policy….” – so, in addition to specific Commonwealth departments dreaming up policies and programs in those areas, we have Treasury, Finance and Prime Minister and Cabinet – as well (in some cases) as State/Territory departments.

    The scope for rationalisation of public administration (without any diminution of actual services to the public) in this country is HUGE.

    But, it could be even worse –

    http://www.smh.com.au/federal-politics/political-news/the-greens-simple-way-to-lift-wages-pay-public-servants-more-20171214-h054cx.html

  4. Rusty of Qld

    Slowly working their way along to imposing a tax on that superannuation pot. Nice easy steps, don’t want to stampede the mob.

  5. Bruce of Newcastle

    Treasury should be abolished and the functions split between the Reserve Bank and the private sector.

    If we must have oodles of garbage in garbage out modelling at least let it out on tender so it’s transparent and cheaper.

  6. miltonf

    We would be better off without Canbra. Federation has been a failure

  7. Dr Fred Lenin

    Bruce totally agree about treasury drones , we could also get rid of federal health. Education ,trade ,cut foreign effers ,the useless sennit as in Mack sennit ,droves of paid political drongos and their hangers on . We could slash spending by a huge amount ,welfare migrants ,white indigenius the list goe on ,and on etc etc . Put me in as finance minister for three years and watch. (Wear industrial ear protection , the screaming ,wailing and whingeing will be constant and pitiful ,the meeja will be reduced to quivering mental patients ,on heavy medication .it will be good being virtuous ,sort of SJW feeling , only real not perceived .

  8. OneWorldGovernment

    Bruce of Newcastle
    #2585364, posted on December 15, 2017 at 5:27 pm

    Treasury should be abolished and the functions split between the Reserve Bank and the private sector.

    Totally agree BoN

    They like most Gov departments are a waste of oxygen.

  9. RobK

    When I logged on, appearing in the top RH corner:

    Liberty Quote
    How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!

    — Ludwig von Mises

  10. Crossie

    We don’t produce much of anything these day to have a need for finance students yet we keep graduating so many of them that they have to go somewhere. I just wish they would all gravitate to the renewable energy companies where they would have a more natural fit though oddly enough these same companies don’t need many employees, only government subsidies. Then again why would you when all you produce is hype.

  11. Crossie

    We would be better off without Canbra.

    Martin Raincoat, is that you?

  12. Crossie

    Slowly working their way along to imposing a tax on that superannuation pot.

    That’s where the money is.

    Our bureaucrats are behaving more like bank robbers by the day.

  13. Rae

    Judith, both State and Federal Treasuries necessarily have multi-disciplinary workforces to ensure that they can provide policy advice in relation to all manner of issues. They are not all economists and accountants, and nor should they be. You should therefore not be surprised or afraid that the Treasury website mentions that it has expertise in relation to climate change and social policy. There would be something seriously wrong if it didn’t.

  14. Bruce of Newcastle

    You should therefore not be surprised or afraid that the Treasury website mentions that it has expertise in relation to climate change and social policy.

    Basing policy on lies and lefty religious doctrine is not going to serve the country well.
    If they really had expertise they’d boot the climateers out the door and champion a sane energy policy. They’d boot the SJWs out the door and advocate sane education policies.
    That they haven’t done so shows they are either lying or clueless.
    Which is why they shouldn’t be running the mechanics of government.

  15. Rae

    If they really had expertise they’d boot the climateers out the door and champion a sane energy policy.

    Yes, well, neither of us is privy to the advice and options they put to government on various matters, and in any event it is for the Government, not the Treasury to ” boot the climateers out the door and champion a sane energy policy”. Treasury is only one of the inputs and it needs to have the expertise.

  16. Bruce of Newcastle

    They’d be better off having expertise in astrology and witchcraft. That would do less damage to the country.

    The carbon tax report was a piece of junk. I’ve done many such studies, I’d be embarrassed to put my name to that one it was so unprofessional. As well as being total BS.

  17. stackja

    Gough didn’t like Treasury telling him what to do. So Treasury was reformed. That worked out well.

  18. Rob MW

    Is this a joke? Treasury engaged in climate change. Treasury engaged in social policy.

    No !! Fearless, if not zealous bureaucrats are the ultimate authority in triple bottom line economics that places fact-less economic theory upon the utopian notion that they can effectively attribute make believe dollars to a theological product and call it ‘The largest net benefit to society’.

  19. Rabz

    so this is what treasury does these days

    Only when taking a well deserved break from fondling hairy arsed roadside wombats. The latter are, after all, incapable of fondling themselves.

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