New CIS Policy Monograph: Fiscal Rules for Limited Government

Robert Carling and I have released a new CIS Policy Monograph, Fiscal Rules for Limited Government: Reforming Australia’s Fiscal Responsibility Legislation.  The paper makes the case for a rules-based framework for fiscal policy to replace the Charter of Budget Honesty, as well as the establishment of a new Fiscal Commission to increase the independence, transparency and accountability of the federal budget process.

There is a write-up in the SMH.  Julie Novak makes a similar case in The Canberra Times.