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Type: Journal Articles Authors: Marc Robinson ISSN: Print: 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 23, No. 2, June 2002
Volume, issue, pages: Vol. 23, No. 2, pp.287-300
JEL classification: E62, H61
Australian governments have recently moved from cash accounting to accrual accounting. Accrual accounting has been accompanied at the national government level by the introduction of a new key fiscal policy measure: the Ѧiscal balanceÒ® This paper explains and evaluates this new fiscal measure. It concludes that, given the present fiscal policy of the Australian government, fiscal balance is a superior fiscal policy measure to the Ñ£ash' budget balance measure which it replaced. However, from the alternative ѧolden rule' policy standpoint, fiscal balance is not a meaningful fiscal policy measure × although its stock counterpart, net financial liabilities, certainly is. Search |
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