CHANGING FORTUNES
I left Treasury at the end of 2016 after 32 years as an economic policy adviser to Australian governments. I’ve since written a book on the history of Treasury - from Federation but with a focus on the modern era post the 1976 split with Finance. Changing Fortunes: A History of the Australian Treasury was launched on 6 August 2019 by Peter Costello AC in Canberra and by Steve Bracks AC Melbourne on 26 August. My intention in writing the book is to contribute to the debate on the role of the public service and the evolution of economic policy making in Australia. Here are some articles on the book’s key themes.

Changing Fortunes

Podcast on the role of the Australian Treasury https://economics-explained.simplecast.com/episodes/the-role-of-the-treasury-in-economic-p...

Book review by John West

Tllley, a former senior advisor to Australian governments for some 32 years, has delivered a veritable tour de force. He takes readers...

Summer Reading List

Troy Bramston's article in the Australian says that the Treasurer Josh Frydenberg has Changing Fortunes on his summer reading list. Hope...

The Fountain of Sound Advice

Geoffrey Blainey has reviewed my book in the December edition of Australian Book Review. He says "Paul Tilley classes the Treasury, now...

Treasury's Changing Influence

Since Changing Fortunes: A History of the Australian Treasury was launched in August I’ve posted a series of articles on key points in...

Tumultuous Years for Treasury

The election of the Rudd government in November 2007 marked the beginning of a tumultuous decade for Australia. It began with the GFC –...

Treasury and the Reformists II

The election of the Howard government in March 1996, with Peter Costello as Treasurer, revitalised the economic reform program in...

Treasury and the Reformists I

The election of the Hawke government in March 1983, with Paul Keating as Treasurer, ushered in an Australian era of economic reform –...

Fraser Breaks Power of Treasury

The election of Malcolm Fraser’s government in 1975 promised a more stable and positive relationship between Treasury and the government...

Treasury and the Whitlam Government

The Whitlam government was a game-changer for the public service in Australia (and more broadly of course) and Treasury’s relationship...

A Place of Influence

Changing Fortunes: A History of the Australian Treasury. Treasury is one of Australia's great enduring institutions, having survived,...

Does Treasury still have policy influence?

Treasury has long been a central policy adviser to governments - but over its history its influence has waxed and waned. My book Changing...