Managing Government Finance G (6260.6)
Available teaching periods | Delivery mode | Location |
---|---|---|
View teaching periods | On-Campus |
Bruce, Canberra |
EFTSL | Credit points | Faculty |
0.125 | 3 | Faculty Of Business, Government & Law |
Discipline | Study level | HECS Bands |
Institute For Governance And Policy Analysis | Graduate Level | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
Learning outcomes
On successful completion of this unit, students will be able to:1. Demonstrated understanding of public sector financial management concepts and the importance of government finance from both strategic and operational perspectives;
2. Demonstrated ability to develop and advocate for new spending programs;
3. Demonstrated capacity to evaluate, and advise on public sector financial issues; and
4. Demonstrated capacity to negotiate with others and communicate on government finance issues.
Graduate attributes
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
3. UC graduates are lifelong learners - evaluate and adopt new technology
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
3. UC graduates are lifelong learners - be self-aware
Prerequisites
None.Corequisites
None.Incompatible units
6266 Public Administration GEquivalent units
None.Assumed knowledge
None.Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
---|---|---|---|---|---|
2024 | Bruce, Canberra | Period 4 | 05 August 2024 | On-Campus | Dr Leonora Risse |
2024 | Bruce, Canberra | Period 5 | 30 September 2024 | On-Campus | Prof Stephen Bartos |
2025 | Bruce, Canberra | Period 4 | 04 August 2025 | On-Campus | Dr Leonora Risse |
2025 | Bruce, Canberra | Period 5 | 29 September 2025 | On-Campus | Prof Stephen Bartos |
Required texts
Context for managing government finances
Department of Finance and Deregulation, Introduction to the Financial Framework, June 2013
Commonwealth of Australia, Budget Strategy and Outlook, Budget Paper No. 1 (Budget Statement 1)
Further readings (Governance)
Aldons, Malcolm, "Responsible, representative and accountable government" Australian Journal of Public Administration 60.1 (2001): 34-42
Gilmour, Robert S., and Laura S. Jensen. "Reinventing Government Accountability: Public Functions, Privatization, and the Meaning of" State Action" Public Administration Review (1998): 247-258
T. W. & A. G. (2005), "Governance", Political Quarterly, vol. 76, no.4, p. 469 – 470
Caiden N, A New Perspective on Budgetary Reform, Australian Journal of Public Administration, 48 (1) 53-60
OECD, Designing and implementing gender budgeting – a path to action, OECD Journal on Budgeting, Volume 2020, Issue 2, Paris (text available on Canvas)
Wanna J, 2015, "Through a Glass Darkly: The Vicissitudes of Budgetary Reform in Australia" in J Wanna, EA Lindquist and P Marshall (eds), New Accountabilities, New Challenges. Canberra: ANU Press: 159-187
Government finances and the economy
Preparatory readings
Freebairn J and Corden M, "Vision Versus Prudence: Government Debt Financing of Investment", Melbourne Institute Working Paper No. 30/13, September 2013 (text available on Canvas
Further readings
Hazlitt H, Economics in One Lesson, Harper & Brothers, 1946 ,Chapters 2, 3 4, 11 and 23 (text available on Canvas)
Quigaan, J. Economics in Two Lessons.2019 Princeton University Press. Chapter 9
BCA, COVID-19, Economic Analysis (text available on Canvas)
Creighton, A, Coronavirus: Trillion-dollar debt to rival post-WWII years,
Keating M, Covid-19 and Inter-generational Equity, Pearls and Irritations, 27 April 2020 (text available on Canvas)
Keating M, Covid-19 and Future Fiscal Policy, Pearls and Irritations, 14 April 2020 (text available on Canvas)
Performance management through budgeting
Preparatory readings
Mackay K, ‘The Performance Framework of the Australian Government, 1987 to 2011', OECD Journal on Budgeting, Volume 2011/3, OECD, 2011 (text available on Canvas)
Further readings
OECD Senior Budget Officials, Canberra, 2007 (text available on Canvas)
Commonwealth of Australia, Enhanced Commonwealth Performance Framework, Department of Finance Discussion Paper, August 2014 (text available on Canvas)
Robinson, Marc and Brumby, Jim. 2005, "Does Performance Budgeting Work? An Analytical Review of the Empirical Literature" IMF Working Paper, WP/05/210
Robinson, Marc and Last, Duncan, 2009, "A Basic Model of Performance-Based Budgeting" IMF Technical Notes and Manuals
Schick, A. 2014, "The Metamorphoses of Performance Budgeting", OECD Journal on Budgeting, Vol. 13(2)
Financial accounting and reporting
Preparatory readings
McPhee I, ‘The Evolving Role and Mandate of the ANAO since Federation', Senate Occasional Lecture, Canberra, 2011 (text available on Canvas)
Further readings - auditing
ANAO: A guide to conducting performance audits, March 31 2017 https://www.anao.gov.au/work/corporate/guide-to-conducting-performance-audits
ANAO: Set of performance audit reports at https://www.anao.gov.au/pubs/performance-audit
The Institute of Internal Auditors: International Standards for the Professional Practice of Internal Auditing (text available on Canvas)
Craven G, "Capital's Theory of Devolution", The Australian, 19 March 2014, p 10 (text available on Canvas)
Stewart M, ‘Renewing Australian federalism', The Conversation, September 2014 (text available on Canvas)
Further readings
Pincus J, ‘Commonwealth-State Financial Relations: the case for competitive federalism' Papers on Parliament, 53, 2010 (text available on Canvas)
Journals and websites
The Australian Journal of Public Administration (a UC e-journal) is a good source of non-specialist articles on Australian financial reforms and accountability.
OECD Journal on Budgeting (a UC e-journal): an excellent source of comparative and other information.
Public Budgeting and Finance: a more specialised journal, with many useful articles on financial control, trust and accountability in the public sector
The OECD's website (www.oecd.org) is a mine of information on public sector governance and financial management issues. See also the IMF and World Bank websites at, www.imf.org and www.worldbank.org
Participation requirements
None
Required IT skills
None
In-unit costs
None
Work placement, internships or practicums
None