David Martine PSM demonstrates the implementation of the four-step fiscal strategy at IPAA Victoria’s State Budget Briefing

IPAA Victoria was pleased to hold its annual State Budget Briefing lunch event and provided professionals working within the public purpose sector with an immediate, informative and invaluable analysis of the 2023–24 State Budget.

On Wednesday 24 May 2023, over 350 professionals convened at CENTREPIECE at Melbourne Park for IPAA Victoria’s State Budget Briefing to hear a keynote address delivered by eminent speaker David Martine PSM, Secretary of the Department of Treasury and Finance.

Through his in-depth analysis, David Martine acknowledged the phenomenal year the public service has delivered on and will deliver over the next term through the Government’s election commitments, particularly in areas of health, education, transport and infrastructure, while referencing that this was one of the hardest budgets to determine and deliver.

The briefing provided attendees with a better understanding of the components of the four-step fiscal strategy that underpins Victoria’s economic approach to tackling post-pandemic economic outcomes in Victoria. The presentation covered where Victoria was at, the measures being put in place to manage COVID debt, the reality of cost-of-living pressures, and the stepwise approach aim to grow economic growth, return to an operating surplus and stabilise debt levels. The Budget Briefing acknowledged the Impact of reduced spending on certain sectors and the impacts that will accrue to public servants.

The event’s host was Dean Yates, Board Member, Treasurer and Chair of Audit, Finance and Risk Committee, IPAA Victoria, and Partner, Oceania Central Agencies and Victorian Government Leader, EY and expert panelist Helen Silver, Non Executive Director, Independent Chair of Australian Children’s Television Foundation (ACTF), Non Executive Director, PEXA, Non Executive Director, Crown, and Fellow, IPAA Victoria.

IPAA Victoria would like to formally thank the esteemed speakers for their extremely informative and robust discussion, who each provided a unique perspective on the major considerations of this year’s State Budget.

‘Once again, IPAA Victoria’s State Budget Briefing lunch is a combination of expert analysis and a panel discussion where the audience – professionals who work in the public purpose sector – can ask the tough questions on how the Budget was shaped and what the Budget means from a service delivery perspective,’ says Nina Cullen, CEO, IPAA Victoria.

IPAA Victoria’s mission is to strengthen the capability and impact of Victoria’s public purpose sector.

IPAA Victoria would like to thank event partner VMIA for their ongoing support. As the state’s insurer and risk adviser, VMIA covers the people, places and projects that help Victoria thrive.