Australia Creates U.S.-Style Budget Office to Gauge Policy Costs
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Australia will create an independent parliamentary budget office to provide federal lawmakers with research and advice on the cost of their policies, mirroring similar bodies in the U.S. and Canada.
The government will introduce legislation into parliament this week to create the institution, which will cost A$24.9 million ($25.9 million) over four years to run, Treasurer Wayne Swan said in an e-mailed statement yesterday.