Google AI
The Times Australia

Times Media

Despite what you’ve read, Jim Chalmers’s wellbeing framework hasn’t been shelved – if anything, it’s been strengthened

  • Written by: Warwick Smith, Honorary Fellow, School of Social and Political Sciences, The University of Melbourne



Reports in The Australian[1] suggesting Treasurer Jim Chalmers has shelved his budget wellbeing framework, known as Measuring What Matters[2], are incorrect.

The framework is alive and well, and making steady (if slow) progress.

Also reported was the Coalition’s intention to scrap the framework if it wins the next election, with its treasury spokesman Angus Taylor quoted as saying the government should instead focus on “lower inflation and lower interest rates”.

The idea that we shouldn’t be thinking about broader measures of progress because we need to concentrate on what’s in front of us impoverishes our view of what’s possible.

It’s important to measure what matters

The cost of living is certainly paramount. But if all we ever do is address the issue immediately in front of us, we will forever stumble from one crisis to the next.

Actually, if we had had a wellbeing framework in place before the current cost of living crisis, it might have been less likely to develop.

Most of us would agree that the things in the government’s Measuring What Matters framework matter, such as security, prosperity and cohesiveness.

But some of the information in last year’s statement was dated[3], some dating back to the years before COVID.

Commonwealth Treasury[4] The framework has two parts: a measurement dashboard and a statement. The dashboard[5] presents data on 50 “key indicators” the treasury believes should supplement (although not replace) the standard measures of economic progress. The statement[6] is a report of the outcomes presented in the dashboard and of government progress toward embedding the framework in decision-making. Last month Treasurer Chalmers announced responsibility for the dashboard would move[7] from the treasury to the Bureau of Statistics and that the Bureau would get extra funding to run an expanded general social survey every year to improve the quality and timeliness of the data. The statement would remain the responsibility of the treasury but would be released only every three years instead of annually. The next would be published in 2026 incorporating the first results from the bureau’s new survey. Framework already kicking goals Discovering we don’t collect regular and timely data on these important measures and then funding the Bureau of Statistics to do so is a demonstration that the framework is already having an impact. The critical test will be how it is used to improve decision-making. It hasn’t yet resulted in any radical change, but the ambition is substantial. Shifting the way governments make decisions and allocate resources is hard, and it was was never going to be accomplished in a single year. By handing over the data side of things to the Bureau of Statistics, the treasury will now, hopefully, be able to focus more on embedding the framework into decisions, including budget decisions. Prioritising prevention One of the things the treasury team is working on is how to better prioritise early intervention and prevention programs for Australians at risk. Such measures are hard to justify under the old budget rules, but can they can improve outcomes and save the government money in the long run. International and Australian studies have identified four key ways[8] of ensuring the government is working to deliver the kinds of outcomes we expect from it: 1. holistic thinking and breaking down silos between types of wellbeing 2. a long-term focus that includes consideration of future generations 3. emphasis on prevention to tackle the root causes of problems 4. including the people most likely to be affected by decisions in their design. They are directed towards delivering the kind of society we want to live in and to do it smartly and efficiently within a budget context. According to the framework, that’s a society that is healthy, secure, sustainable, prosperous and cohesive. The government remains on the case. References^ The Australian (www.theaustralian.com.au)^ Measuring What Matters (treasury.gov.au)^ dated (theconversation.com)^ Commonwealth Treasury (treasury.gov.au)^ dashboard (treasury.gov.au)^ statement (treasury.gov.au)^ move (ministers.treasury.gov.au)^ four key ways (cpd.org.au)Authors: Warwick Smith, Honorary Fellow, School of Social and Political Sciences, The University of Melbourne

Read more https://theconversation.com/despite-what-youve-read-jim-chalmerss-wellbeing-framework-hasnt-been-shelved-if-anything-its-been-strengthened-235194

Business Times

The Metrics That Matter: Why Australian Businesses Need to Rethin…

Each year, Australian organisations spend billions of dollars running conferences, exhibitions, incentive programs, roadsho...

Trust, Timing and Transparency: What KPMG's Crisis Reveals A…

KPMG remains a case study in how not to action Crisis Comms.  A crisis at this magnitude affects a global audience and kno...

The World Cup Business Model: What Every Entrepreneur Can Learn

Every four years, the FIFA World Cup becomes one of the largest commercial events on Earth. Billions of people watch match...

Technology

The new ‘Apple Upgrade’ program has…

TECH GIANT SHAKES UP FINANCING WITH KLARNA-BACKED SUBSCRIPTION LEASE CUPERTINO — Apple has offici...

Local News

Psychology clinic in Tasmania opens…

In response to Tasmania’s growing mental health crisis, a new purpose-built, multi-disciplinary me...

Culture

Mr Roses expands beyond flowers with launch o…

Australian premium gifting business Mr Roses has expanded beyond flowers with the launch of Mr Ros...

Travel

Korea Tourism Organization Invites Australian…

The Korea Tourism Organization (KTO) has launched Korea Unlocks More of You, a new national campai...

The Times Features

Mr Roses expands beyond flowers with launch of national…

Australian premium gifting business Mr Roses has expanded beyond flowers with the launch of Mr Ros...

Psychology clinic in Tasmania opens to address growing …

In response to Tasmania’s growing mental health crisis, a new purpose-built, multi-disciplinary me...

Sweet Temptation: Should Australia Take a Harder Look a…

Walk through almost any Australian supermarket and one of the brightest, most colourful sections i...