Portfolio Budget Statements (PBS) inform Senators and Members of Parliament of proposed revenue/resources that the Government will allocate within a specified Budget period to Government agencies in order to achieve and deliver on specific outcomes stated in the PBS.
Outcomes are the intended results, impacts or consequences of actions by the Government on the Australian community.
Under each outcome, the PBS lists the key strategic objectives and performance indicators that agencies are required to deliver on as their contribution to achieving Government outcomes over the Budget period and forward years.
IBA’s outcomes and outputs, and corresponding key performance indicators, are described in the annual Department of the Prime Minister and Cabinet Portfolio Budget Statements, which is based on IBA delivering one ‘outcome’ : Improved wealth acquisition to support the economic independence of Aboriginal and Torres Strait Islander peoples through commercial enterprise, asset acquisition, construction and access to concessional home and business loans.
Our Annual Reports also detail IBA’s performance against these objectives and key performance indicators on a yearly basis.