SYDNEY, Aug 26 (Reuters) - The head of Australia's central bank said on Wednesday that the country's fiscal policy debate should actually be about how to get more economic growth, rather than when the government budget will get back to surplus.
Speaking at a summit on the nation's economic and social reform in Sydney, Glenn Stevens also said other discussions such as income distribution would better be framed as: 'how do we grow the pie', rather than on 'fairness'.
"Reasonable people get this. They also know, intuitively, that the kind of growth we want won't be delivered just by central bank adjustments to interest rates or short-term fiscal initiatives that bring forward demand from next year, only to have to give it back then," Stevens said.
"They are looking for more sustainable sources of growth. They want to see more genuine dynamism in the economy and to feel more confidence about their own future income."