For measures of wellbeing to be useful to the budget process, they will need to be both timely and capture more than the ‘average’.
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Treasurer Jim Chalmers wants to make the national wellbeing framework part of how governments make decisions, as others like Wales have done. But international experience suggests it won’t be easy.
This is the first national wellbeing framework. Fifty indicators are used to measure wellbeing under five themes: how healthy, secure, sustainable, cohesive and prosperous we are.
The Measuring What Matters statement will be around the themes of “healthy, secure, sustainable, cohesive, and prosperous”, Chalmers said in a speech in Melbourne delivered late Tuesday
