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02132cas a2200241 a 4500 |
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AALejournalIMF019090 |
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|c 5.00 USD
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|z 9781484399033
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|a 1934-7685
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| 040 |
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b Asia and Pacific Dept.
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|a Australia :
|b Selected Issues.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2019.
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| 300 |
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|a 1 online resource (40 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This Selected Issues paper evaluates Australia's experience with its principles-based fiscal framework. A key contribution of the paper is an evaluation of whether the medium-term budget balance anchor remains suitable in the post-Global Financial Crisis (GFC) economic environment. This paper analyzes the medium-term fiscal strategy (MTFS) in the context of the principles underlying the fiscal framework and offers suggestions for reinforcement. Comparing the alternative and current fiscal policy toolkits under a downside scenario demonstrates possible improvements to fiscal outcomes. The evaluation outlines that the operational principles of the MTFS have been consistent with the broad principles for sound fiscal policy laid out in the Charter, although implementation has involved difficult trade-offs. Options to deal with the treatment of debt, its accountability framework and its fiscal policy toolkit should help strengthen the statement and implementation of Australia's fiscal strategy and reinforce its fiscal framework in the current and prospective economic environment.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2019/056
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2019/056/002.2019.issue-056-en.xml
|z IMF e-Library
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