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 Recovery from a Very Uneven Recession
15 Oct 2020
Speech
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383KB
The fiscal response has been crucial in helping build that bridge to the recovery that I spoke aboutearlier. ... The states and territories can also borrow at record low rates and have an important role toplay in the national fiscal response.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-10-15.pdf
27/07/2020 The Reserve Bank's Operations – Liquidity, Market Function ...
27 Jul 2020
Speech
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390KB
It was also uncertain howmuch support would be provided by monetary and fiscal authorities. ... However, with the aid of monetary and fiscal policies, it did not take too long forfinancial conditions to settle and fixed income markets to ‘reopen’.
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-07-27.pdf
The Housing Market and Financial Stability
23 Sep 2021
Speech
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322KB
The health situation required drastic curtailment ofmuch economic activity. Fiscal and monetary policy both responded quickly and strongly.Governments provided substantial financial support to firms and individuals who overnight lostbusiness and
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-09-22.pdf
Some Challenges for the Future
18 Mar 2010
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75KB
They include: the substantial and early easing of both monetary and fiscal policy; the healthy state of our banking system; the rapid rebound in Asia, and in particular China; the depreciation ... scale. It was able to do this without raising the fiscal
https://www.rba.gov.au/speeches/2010/pdf/sp-ag-100310.pdf
Today's Monetary Policy Decision
4 Nov 2020
Speech
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160KB
ago. The fiscal support, including through the Budget, has played animportant role here. ... Today's decision does not change the long-standing separation ofmonetary policy and fiscal financing in Australia.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-11-03.pdf
Notes for Talk
8 Jul 2003
Speech
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132KB
contraction. Again, a comparison with the US makes the point. On fiscal policy, the Australian budgetary position has varied little over recent years, with predominantly small surpluses being the order of ... The US has used a huge amount of its fiscal
https://www.rba.gov.au/speeches/2003/pdf/sp-gov-080703.pdf
The Recovery, Investment and Monetary Policy
10 Mar 2021
Speech
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431KB
The plan for further fiscal stimulus in the United States has also improved growthprospects there. ... Over the past year, monetary policy has complemented fiscal policy in cushioning the economic effectsof the pandemic and in building the bridge to the
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-03-10.pdf
The Shift to Electronic Payments – Some Policy Issues
12 Apr 2023
Speech
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615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.pdf
The International Economic Outlook
27 Feb 2001
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102KB
Japan was in recession. Fiscal stimulus was beginning to work, but confidence inJapan’s economic prospects probably reached its lowest point during the earlymonths of 1999. • ... Euro areagrowth now picking up. Japan in recession. Fiscal
https://www.rba.gov.au/speeches/2000/pdf/sp-ag-030200.pdf
Innovation and Dynamism in the Post-pandemic World
26 Nov 2021
Speech
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335KB
But perhaps it still would havebeen attainable if so many economies had not turned so swiftly to fiscal consolidation. ... Profits have recovered quickly, and fiscal support has meant that some firms areconsiderably more cashed up than before (Graph 6).
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-11-18.pdf