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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The RBA's Role in Processing the Fiscal Stimulus Payments
10 Aug 2009
Bulletin
– August 2009
Bulletin – August 2009 The RBA's Role in Processing the Fiscal Stimulus Payments. ... As part of its fiscal stimulus package, the Australian Government has made payments to individuals totalling around $20 billion since late last year.
https://www.rba.gov.au/publications/bulletin/2009/aug/1.html
Recent Changes in IMF Lending
10 Dec 2011
Bulletin
– December 2011
Fiscal conditions have also been prominent in most programs in our sample, with the exception of the Asian crisis programs. ... The fiscal conditions in these arrangements have been quite varied, although tax recovery, expenditure monitoring and control,
https://www.rba.gov.au/publications/bulletin/2011/dec/8.html
The Global Financial Environment
8 Apr 2021
FSR
– April 2021
Deposits have increased given fiscal stimulus payments to households and businesses, reduced opportunities for spending and increased caution. ... Local governments' use of bonds instead of off-balance sheet entities has increased transparency, but the
https://www.rba.gov.au/publications/fsr/2021/apr/global-financial-environment.html
Overview
9 Oct 2020
FSR
– October 2020
could be particularly large given weaker health systems and so health outcomes and less space for fiscal stimulus. ... It is, though, important that there is transparency around loan performance and that borrowers engage with their bank and resume
https://www.rba.gov.au/publications/fsr/2020/oct/overview.html
The Global Financial Environment
8 Apr 2022
FSR
– April 2022
case in economies with large fiscal deficits, high levels of debt and a heavy dependence on external financing. ... There is also a chance that a run on one stablecoin would precipitate a run on other stablecoins given the lack of transparency and
https://www.rba.gov.au/publications/fsr/2022/apr/global-financial-environment.html
Developments in the Financial System Infrastructure
10 Mar 2005
FSR
– March 2005
The IMF currently recognises 12 such standards relating to accounting, auditing, anti-money laundering and combating the financing of terrorism, banking supervision, corporate governance, data dissemination, fiscal transparency, insolvency and
https://www.rba.gov.au/publications/fsr/2005/mar/dev-fin-sys-infra.html
The Global Financial Environment
9 Oct 2020
FSR
– October 2020
The stock of off-balance sheet borrowing by local governments, which lacks transparency, also remains significant. ... The central banks of Indonesia and the Philippines have provided direct financing to their governments to support fiscal packages.
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html
The Global Financial Environment
20 Oct 2017
FSR
– October 2017
The lack of transparency also increases contagion risk, as banks are more likely to withdraw from interbank markets when uncertainty about other banks' solvency is high. ... Backed by strong political support, regulators have announced a range of
https://www.rba.gov.au/publications/fsr/2017/oct/global-fin-env.html
Statement on Monetary Policy
10 Aug 2002
Bulletin
– August 2002
Fiscal policy in some countries has limited room for manoeuvre, as current budget positions are close to, or above the constraints set by the Stability and Growth Pact. ... The overall impact of fiscal policy across the region in 2002 is broadly neutral.
https://www.rba.gov.au/publications/bulletin/2002/aug/1.html
The Global Financial Environment
10 Sep 2011
FSR
– September 2011
In addition, Greece agreed to implement tougher fiscal tightening measures and sell some state assets. ... tightening budget positions too much and too early may undermine economic recovery and thus fiscal positions.
https://www.rba.gov.au/publications/fsr/2011/sep/global-fin-env.html