The Joint Committee of Public Accounts and Audit (JCPAA) has commenced an inquiry into the use of alternative financing mechanisms in government expenditure, such as equity investments, loans and guarantees.
Committee Chair Ms Lucy Wicks MP noted that the inquiry would focus on reporting in the Budget papers on programs funded through alternative approaches; reasons for programs being funded through alternative approaches; and the costs associated with different policies.
“The Committee will have particular regard to the issues raised in Parliamentary Budget Office Report No. 01/2020, Alternative Financing of Government Policies,” Ms Wicks said.
The Committee invites submissions to the inquiry that address the terms of reference. Public hearings will be held in the coming months.