A Theoretical Overview of Developments in Fiscal Sustainability Analysis Methods

Year 2022, , 239 - 262, 29.06.2022

Semih Şen

https://doi.org/10.30927/ijpf.1062197

Abstract

Today, the structure of economic activities has led to the diversification of the risks that countries face in their fiscal policy. As a matter of fact, while the economic relations between countries, from foreign trade to finance, become much more intense, they articulate the economies to each other; facilitated the spread of instability to other countries. On the other hand, the increase in borrowing opportunities and resources due to financial liberalization and the increase in transaction volume has increased the financing opportunities of economic agents other than the public sector as well as the public sector, and this has made the private sector balance sheets important in terms of public finance. By means of like these developments, approaches have emerged in financial sustainability analysis, and in this context, the analyzes have become increasingly risk-based. In this study, the transformation and analysis methods in fiscal sustainability analyzes are examined.

Keywords

Fiscal Policy, Fiscal Sustainability, Fiscal Space

Mali Sürdürülebilirlik Analiz Yöntemlerinde Yaşanan Gelişmelere Teorik Bir Bakış

Abstract

Günümüzde iktisadi faaliyetlerin yapısı ülkelerin maliye politikasında karşı karşıya oldukları risklerin çeşitlenmesine yol açmıştır. Nitekim dış ticaretten finansa ülkeler arası ekonomik ilişkilerin çok daha yoğun bir hale gelmesi ekonomileri birbirlerine eklemlerken; istikrarsızlıklarında kolaylıkla başka ülkelere sirayet etmesini kolaylaştırmıştır. Diğer taraftan finansal serbestleşme ve işlem hacmindeki artışa bağlı olarak borçlanma imkân ve kaynaklarındaki artış, kamu kesiminin yanı sıra kamu kesimi dışındaki iktisadi ajanların finansman imkânlarını genişletirken; özel kesim bilançolarını da kamu maliyesi açısından önemli getirmiştir. Yaşanan bu ve benzeri gelişmeler karşısında mali sürdürülebilirlik analizlerinde de gelişmeler ortaya çıkmış ve bu bağlamda analizler gittikçe risk odaklı hale gelmiştir. Bu çalışmada mali sürdürülebilirlik analizlerinde yaşanan dönüşüm ve analiz yöntemleri incelenmiştir.

Keywords

Maliye Politikası, Mali Sürdürülebilirlik, Mali Alan

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