Annual Report 2025-26: Department of Treasury and Finance

This is the first annual report of the Department of Treasury and Finance following the WA Government’s 2025 Public Sector Reforms, which brought together the Department of Treasury with the Procurement Policy and Strategy and RevenueWA functions from the former Department of Finance into a single Department.

This annual report outlines our achievements, performance information, financial statements and other legislated disclosures for 2025-26.

Key highlights

• Built a strong foundation for our new department, finalising our new Strategic Plan 2026–29 and corporate values, which will guide our decisions, behaviours and service delivery into the future.
• Supported release of the 2026‑27 State Budget, which outlined an eighth consecutive operating surplus, with a range of cost‑of‑living relief measures and record investment in infrastructure. 
• Launched an updated Aboriginal Procurement Policy that sets targets for WA Government agencies to procure a percentage of their contracts from Aboriginal suppliers.
• Completed transfer of mining and petroleum royalty collection and administration functions from Department of Mines, Petroleum and Exploration to RevenueWA, supporting improved compliance and enhanced client services to strengthen oversight of one of the State’s largest revenue streams. 
• Led WA’s response to the Productivity Commission’s inquiry into the 2018 GST Distribution Reforms, preparing a comprehensive submission outlining a strong case to retain the current GST distribution arrangements.
• Launched the RevenueWA Connect central hub to make it easier and more secure for people to use RevenueWA’s online services.
• Completed the Pathways to Procurement Pilot Program, a first of its kind in Australia that provided a hands‑on and innovative pathway into government procurement careers for six graduates from the Vocational Education and Training sector.
• Helped the State maintain its triple‑A credit ratings from S&P Global and Moody’s Ratings, which encourages investment into the State.
• Launched the Western Australian Procurement Professionalisation Strategy 2026‑2030, which sets the direction for strengthening procurement as both a profession and a function across the sector.