CTHIn ForceAct
Charter of Budget Honesty Act 1998
4Formulation of Government fiscal policy
Start here
Get a plain-English read of 4
Turn the raw legal text into a practical explanation grounded in Charter of Budget Honesty Act 1998.
#### 4 Formulation of Government fiscal policy
(1) The Government’s fiscal policy is to be directed at maintaining the on‑going economic prosperity and welfare of the people of Australia and is therefore to be set in a sustainable medium‑term framework.
(2) To meet this objective, the Government’s fiscal strategy is to be based on the principles of sound fiscal management.