Fiscal policy is government spending policies (decisions) that are both influenced by current and forecast economic conditions, and that influence present economic conditions and the future economic environment. To manage the economy, government regulators aim to improve unemployment; manage economic growth; stabilise the economic cycle; increase economic efficiency, productivity and competitiveness; raise living standards and enhance economic prosperity.
Fiscal policy is expressed and communicated in the annual federal budget, typically in May each year in Australia. Federal budget. The current Treasurer of Australia is Jim Chalmers, a local Queenslander. He works closely with Katy Gallagher, the Minister for Finance. Assistant Treasurer is Andrew Leigh.
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Reserve Bank of Australia.
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Federal budget. Parliament of Australia: |
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