Search: fiscal transparency
RBA Glossary definition for fiscal transparency
fiscal transparency – The facility which enables investors and other interested parties to satisfy themselves as to the nature and quality of the decision process pursued by policy-makers in government or the corporate entity concerned. One of the 12 key standards identified by the Financial Stability Forum as the minimum required for good practice in sound financial systems. Fiscal transparency strengthens accountability of the government and decreases the risk of maintaining unsustainable policies.
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China's Local Government Bond Market
20 Jun 2019
Bulletin
– June 2019
China's local government bond market is a key source of financing for local governments, particularly to fund infrastructure investment.
https://www.rba.gov.au/publications/bulletin/2019/jun/chinas-local-government-bond-market.html
The IMF's ‘Surveillance’: How Has It Changed since the Global Financial Crisis?
19 Mar 2015
Bulletin
– March 2015
The International Monetary Fund (IMF) is mandated by its members to oversee the international monetary system. One of the key ways it does this is through bilateral and multilateral ‘surveillance’ – monitoring, analysing and providing advice
https://www.rba.gov.au/publications/bulletin/2015/mar/9.html
Bond Market Development in East Asia
10 Dec 2003
Bulletin
– December 2003
In the case of governments, for example, there may be a need to fund fiscal deficits. ... the development of the market (Taiwan and China) and improving market transparency (Malaysia).
https://www.rba.gov.au/publications/bulletin/2003/dec/1.html
Assessing Full Employment in Australia
18 Apr 2024
Bulletin
– April 2024
Full employment is a longstanding objective of monetary policy in Australia, alongside price stability.
https://www.rba.gov.au/publications/bulletin/2024/apr/assessing-full-employment-in-australia.html
Quarterly Report on the Economy and Financial Markets
10 Oct 1996
Bulletin
– October 1996
of Budget Honesty, which promises greater transparency in the conduct of fiscal policy. ... Growth in employment has been restrained by the public-sector restructuring resulting from privatisations and the program of fiscal consolidation.
https://www.rba.gov.au/publications/bulletin/1996/oct/1.html
The Global Financial Safety Net and Australia
17 Sep 2020
Bulletin
– September 2020
The Global Financial Safety Net (GFSN) allows for financial assistance to be provided to economies in the event of an economic or financial crisis.
https://www.rba.gov.au/publications/bulletin/2020/sep/the-global-financial-safety-net-and-australia.html
Monetary Policy and Inflation Targeting
10 Oct 1997
Bulletin
– October 1997
Others make a broader criticism, seeing an increased role for fiscal policy in the management of output fluctuations, and thus implicitly in the control of inflation; the argument is that this ... Warwick McKibbin makes the case that policy-makers need
https://www.rba.gov.au/publications/bulletin/1997/oct/3.html
Recent Proposals for Reform of Sovereign Debt Restructuring
10 Aug 2002
Bulletin
– August 2002
They have also endorsed greater transparency by borrowers and more frequent consultation between debtors and creditor representatives. ... fiscal position from lower tax revenues and the costs of recapitalising the banking sector.
https://www.rba.gov.au/publications/bulletin/2002/aug/3.html
The Global Fiscal Response to COVID-19
17 Jun 2021
Bulletin
– June 2021
Globally, the fiscal policy response to the COVID-19 crisis has been the largest and fastest in peacetime.
https://www.rba.gov.au/publications/bulletin/2021/jun/the-global-fiscal-response-to-covid-19.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/