Tis true in Australia but the RBA is limited when a government increases spending, lowers taxes and provides bill relief etc when the aim is to reduce demand to reduce inflation.
Also when the government runs a deficit the shortfall is made up by selling bonds, this increases the debt which increases the money supply.
The RBA has nothing to do with that except when it buys those bonds to artificially lower yield prices.
Basically the whole fiat money system is a worldwide con job, but it's bloody real to those at the bottom of the pile paying off debt and trying to survive.
