There is a theory that the Public Sector should make up between 20 and 30 per cent of GDP depending on where in the economic cycle the economy is. Consequently, this sector also has constraints on spending, etc that should be reflected in fiscal policy and occur through the budget automatic stabilisers.
Chairmont’s expertise in this sector is well recognised with its appointment to:
- Federal Treasury’s – Financial Services panel
- Department of Defence – Consulting panel
- Department of Sustainability, Environment, Water and Population
- NSW Department of Lands
- Austrac – Consultancy panel.