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Australian Government Cuts $500mn in Consulting Spend

Australian Government Cuts $500mn in Consulting Spend

by Starling Insights

Starling Insights Editorial Board

Aug 22, 2023

Observations

In the most recent financial year, the Australian government has drastically reduced its spending on external advisory. Top consulting firms — KPMG, PwC, EY,  Deloitte, and Accenture — secured contracts worth approximately $1.2 billion with federal government departments, a notable decline from nearly $1.7 billion the previous year. 

KPMG obtained the largest share of government work, with $328 million in new contracts, followed by Deloitte's $226 million. Notably, PwC's involvement in government work plummeted to near zero in the wake of a confidentiality breach and related tax scandal in which the firm has been embroiled since February this year.

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