© 2016 by Pegasus Economics

Stephen Bartos

FIPAA, FAICD, Director and Chair of the Pegasus Institute of Fiscal Policy

Stephen is an internationally recognised expert on governance, regulation and public finance. He specialises in governance and policy advice, especially in program implementation, economic policy, structural reforms and fiscal management.


Stephen has twice served and completed his term as Parliamentary Budget Officer (PBO) for NSW in 2015 and 2019. Prior to that, he had a distinguished career in consulting, academia and the public sector. Stephen was Professor of Governance and Head of the National Institute of Governance at the University of Canberra, and also a Commissioner with the International Airservices Commission, the regulator that governs operators’ access to international air passenger and freight routes into and out of Australia.


Until 2003, Stephen was Deputy Secretary, Australian Department of Finance and Administration, where he managed the Budget Group.  During this period, Stephen introduced Australia’s outcomes/outputs and accruals budgeting framework, which (with some modification) remains the budget system today.

Previously, also at Deputy level, Stephen led the Resource Management Framework Group, responsible for government information and advertising, government online presence, government procurement, superannuation policy, advice on government business enterprises, act of grace payments and natural disaster relief.  His achievements included the Federal government’s first web portal (fed.gov.au), improved shareholder advice, and purchasing reforms to reduce some 400 pages of detailed regulation to some 40 pages of principles based guidance.


Stephen has a degree from the Australian National University, postgraduate education at Harvard Business School and numerous publications. He is a Fellow of the Institute of Public Administration Australia and of the Australian Institute of Company Directors.