Well-being and the Budget

Feeding into High-Level Budget Priorities

In 2022, the Well-being Framework and the analysis of the accompanying dashboard featured in the Budgetary process. It was a theme at the National Economic Dialogue in June, and an updated version of the analysis also featured in the Summer Economic Statement and in Budget Day documentation through a new publication entitled ‘Budget 2023: Beyond GDP – Quality of Life Assessment’. It is intended that this will be an annual contribution to the Budget process, which will support a broader discussion of the impacts of Budgetary decisions.

This will include:

Annual analysis of the Well-being Dashboard published at an early stage of the budget process. This will provide evidence and context for the identification of potential priorities, highlighting progress or lack thereof across a wide range of policy issues that are important for longer-term quality of life, equality and sustainability. It will serve as a complement to standard economic and fiscal reporting.
The analysis will feed into the Annual National Economic Dialogue, which will include a focus on relevant Well-being issues, to help inform budgetary discussions across economic, social, and environmental factors.
Budget Day documentation will include the most up-to-date version of the Well-being dashboard.

The Department of Public Expenditure, NDP Delivery & Reform has published a working paper outlining how a well-being perspective can be developed within the context of the budgetary process, and, in particular, support the development of a cross-governmental description of resource allocation decisions as a complement to the existing approach to presenting such information.

Well-being and the Budget

Feeding into High-Level Budget Priorities

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