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THE EFFECTS OF SUPREME AUDIT INSTITUTIONS’ INDEPENDENCY ON PUBLIC DEBT SUSTAINABILITY: AN INVESTIGATION FOR TURKEY

Year 2018, Volume: 20 Issue: 2, 375 - 388, 22.06.2018

Sinem Yalçın

https://doi.org/10.31460/mbdd.348297
Cited By: 1

Abstract

In this study, the effects of Supreme Audit
Institutions’ (SAIs) Independency, which are crucial in budget process by auditing
public recources for legislature, on public debt sustainability is analysed.
For this reason Independency of SAIs’ Index, formed by International Budget
Partnership (IBP), and primary surplus (the measurement of debt sustainability)
datas of Turkey for the years 2006 to 2013 is examined by using descriptive
analysis. At the end of the study, it is reached that when
Supreme Audit Institutions work independent, public debt decreases and this
helps to ensure public debt sustainability. 

Keywords

Supreme Audit Institutions Independency Debt Sustainability

References

  • Blume, L. and S. Voigt. 2011. Does Organizational Design of Supreme Audit Institutions Matter? A Cross-Country Assessment. European Journal of Political Economy, 27, 215-229.
  • Cansız, H. 2006. Türkiye’de Devlet Bütçelerinin Değişen Hedefi: Faiz Dışı Fazla Kavramı. Afyon Kocatepe Üniversitesi, İktisadi ve İdari Bilimler Fakültesi Dergisi, 8 (1).
  • Department for International Development (DFID). 2004. Characteristics of Different External Audit Systems. Download: 18.08.2017, http://webarchive.nationalarchives.gov.uk/+/http:/www.dfid.gov.uk/aboutDFID/organisation/pfma/pfma-externalaudit-briefing.pdf
  • Giuberti, A. C. (2015). Budget Institutions and Fiscal Performance of the Brazilian Federal Government. EconomiA, 16, 176-193.
  • Gürdal, T. 2008. Türkiye’de Faiz Dışı Fazla ve Borçların Sürdürülebilirliği (1975-2007 Dönemi). Afyon Kocatepe Üniversitesi, İktisadi ve İdari Bilimler Fakültesi Dergisi, 10 (2).
  • Harris, M. and R. M. Townsend. 1981. Resource Allocation Under Asymmetric Information. Econometrica, 49 (1), 33-64.
  • Hillman, A. L. (2009). Public Finance and Public Policy: Responsibilities and Limitations of Government. Second Edition, Cambridge: Cambridge University Press.
  • Holmes, M.J., J. Otero and T. Panagiotidis. 2007. Are EU Budget Deficits Sustainable?. Download: 26.09.2017, http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.503.230&rep=rep1&type=pdf
  • International Budget Partnership (IBP). (2008). The Open Budget Survey 2008. Washington D.C..: International Budget Partnership.
  • International Budget Partnership (IBP). 2015. Open Budget Survey 2015. Washington D.C.: International Budget Partnership.
  • International Budget Partnership (IBP). 2017. Engaging Stakeholders. Download: 26.10.2017, https://www.internationalbudget.org/why-budget-work/engaging-stakeholders/
  • International Monetary Fund (IMF) and The World Bank. 2003. Guidelines for Public Debt Management. Download: 10.12.2014, http://www.imf.org/external/np/mfd/pdebt/2003/eng/am/120903.pdf.
  • International Organization of Supreme Audit Institutions (INTOSAI). 1998. The Lima Declaration. Copenhagen: Denmark.
  • International Organization of Supreme Audit Institutions (INTOSAI). 2007a. ISSAI 10-Mexico Declaration on SAI Independence. Austria: International Organization of Supreme Audit Institutions.
  • International Organization of Supreme Audit Institutions (INTOSAI). 2007b. ISSAI 5440 - Guidance for Conducting a Public Debt Audit -The Use of Substantive Tests in Financial Audits. Austria: International Organization of Supreme Audit Institutions.
  • Leeuwen, S. V. 2004. Developments In Environmental Auditing by Supreme Audit Institutions. Environmental Management, 33 (2), 163-172.
  • OECD. 2014a. Partners For Good Governance: Mapping The Role of Supreme Audit Institutions; Phase One: Analytical Framework. Paris: OECD.
  • OECD. 2014b. OECD Principles of Budgetary Governance. Paris: OECD.
  • Persson, T. ve Tabellini, G. (2003). The Economic Effects of Constitutions. London: The MIT Press.
  • Republic of Turkey Prime Ministry Undersecretariat of Treasury. 2017. Public Finance Statistics, Download: 01.10.2017.
  • Schelker, M. (2008). Public Auditors: Empirical Evidence From the US States. Basel: Center for Research in Economics, Management and The Arts.
  • Schelker, M. ve Eichenberger, R. (2010). Auditors and Fiscal Policy: Empirical Evidence On a Little Big Institution. Journal of Comparative Economics, 38, 357-380.
  • Seifert, J., Carlitz, R. ve Mondo, E. (2013). The Open Budget Index (OBI) As A Comparative Statistical Tool. Journal of Comparative Policy Analiysis, Research and Practice, 15 (1), 87-101.
  • The World Bank. 2001. Features and Functions of Supreme Audit Institutions. Erişim tarihi: 20.10.2016, http://www1.worldbank.org/prem/PREMNotes/premnote59.pdf.
  • TCMB. 2011. Kamu Borç Sürdürülebilirliği Bülteni, Türkiye Cumhuriyeti Merkez Bankası, 2011 (24).
  • Yalçın, S. 2017. Mali Şeffaflık ile Yüksek Denetim Kurumlarının Bağımsızlığı ve Örgütlenme Yapılarının Mali Performans Üzerindeki Etkisi: Bir Panel Veri Analizi. Hacettepe Üniversitesi Sosyal Bilimler Enstitüsü Maliye Bölümü, Doktora Tezi, Ankara.
  • Yılmaz, H. H. and M. Biçer. 2010. Parlamentonun Bütçe Hakkını Etkin Kullanımının Yeni Bütçe Sistemi Çerçevesinde Değerlendirilmesi. Maliye Dergisi, 158, 201-225

YÜKSEK DENETİM KURUMLARININ BAĞIMSIZLIĞININ KAMU BORCUNUN SÜRDÜRÜLEBİLİRLİĞİ ÜZERİNDEKİ ETKİSİ: TÜRKİYE İÇİN BİR ARAŞTIRMA

Year 2018, Volume: 20 Issue: 2, 375 - 388, 22.06.2018

Sinem Yalçın

https://doi.org/10.31460/mbdd.348297
Cited By: 1

Abstract

Bu çalışmada, bütçe sürecini yasama organı adına
denetleyen Yüksek Denetim Kurumlarının (SAIs) kamu borcunun sürdürülebilirliği
üzerindeki etkisi incelenmektedir. Bu amaçla, Uluslararası Bütçe Ortaklığı
(International Budget Partnership) tarafından oluşturulan “SAI’lerin
Bağımsızlığı Endeksi” kullanılarak, Türkiye’deki Yüksek Denetim Kurumunun
(ülkemizde Sayıştay olarak bilinmektedir) bağımsızlığı ile faiz dışı fazlayla
ölçülen kamu borcunun sürdürülebilirliği arasındaki ilişki 2006-2013 yılları
arası betimsel olarak analiz edilmektedir. Çalışmanın sonucunda; bağımsız yapılan dış denetimin kamu borcunu
azalttığı ve kamu borcunun sürdürülebilirliğinin sağlanmasına katkıda bulunduğu
sonucuna ulaşılmaktadır.

Keywords

Yüksek Denetim Kurumlarının Bağımsızlığı Kamu Borcunun Sürdürülebilirliği

References

  • Blume, L. and S. Voigt. 2011. Does Organizational Design of Supreme Audit Institutions Matter? A Cross-Country Assessment. European Journal of Political Economy, 27, 215-229.
  • Cansız, H. 2006. Türkiye’de Devlet Bütçelerinin Değişen Hedefi: Faiz Dışı Fazla Kavramı. Afyon Kocatepe Üniversitesi, İktisadi ve İdari Bilimler Fakültesi Dergisi, 8 (1).
  • Department for International Development (DFID). 2004. Characteristics of Different External Audit Systems. Download: 18.08.2017, http://webarchive.nationalarchives.gov.uk/+/http:/www.dfid.gov.uk/aboutDFID/organisation/pfma/pfma-externalaudit-briefing.pdf
  • Giuberti, A. C. (2015). Budget Institutions and Fiscal Performance of the Brazilian Federal Government. EconomiA, 16, 176-193.
  • Gürdal, T. 2008. Türkiye’de Faiz Dışı Fazla ve Borçların Sürdürülebilirliği (1975-2007 Dönemi). Afyon Kocatepe Üniversitesi, İktisadi ve İdari Bilimler Fakültesi Dergisi, 10 (2).
  • Harris, M. and R. M. Townsend. 1981. Resource Allocation Under Asymmetric Information. Econometrica, 49 (1), 33-64.
  • Hillman, A. L. (2009). Public Finance and Public Policy: Responsibilities and Limitations of Government. Second Edition, Cambridge: Cambridge University Press.
  • Holmes, M.J., J. Otero and T. Panagiotidis. 2007. Are EU Budget Deficits Sustainable?. Download: 26.09.2017, http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.503.230&rep=rep1&type=pdf
  • International Budget Partnership (IBP). (2008). The Open Budget Survey 2008. Washington D.C..: International Budget Partnership.
  • International Budget Partnership (IBP). 2015. Open Budget Survey 2015. Washington D.C.: International Budget Partnership.
  • International Budget Partnership (IBP). 2017. Engaging Stakeholders. Download: 26.10.2017, https://www.internationalbudget.org/why-budget-work/engaging-stakeholders/
  • International Monetary Fund (IMF) and The World Bank. 2003. Guidelines for Public Debt Management. Download: 10.12.2014, http://www.imf.org/external/np/mfd/pdebt/2003/eng/am/120903.pdf.
  • International Organization of Supreme Audit Institutions (INTOSAI). 1998. The Lima Declaration. Copenhagen: Denmark.
  • International Organization of Supreme Audit Institutions (INTOSAI). 2007a. ISSAI 10-Mexico Declaration on SAI Independence. Austria: International Organization of Supreme Audit Institutions.
  • International Organization of Supreme Audit Institutions (INTOSAI). 2007b. ISSAI 5440 - Guidance for Conducting a Public Debt Audit -The Use of Substantive Tests in Financial Audits. Austria: International Organization of Supreme Audit Institutions.
  • Leeuwen, S. V. 2004. Developments In Environmental Auditing by Supreme Audit Institutions. Environmental Management, 33 (2), 163-172.
  • OECD. 2014a. Partners For Good Governance: Mapping The Role of Supreme Audit Institutions; Phase One: Analytical Framework. Paris: OECD.
  • OECD. 2014b. OECD Principles of Budgetary Governance. Paris: OECD.
  • Persson, T. ve Tabellini, G. (2003). The Economic Effects of Constitutions. London: The MIT Press.
  • Republic of Turkey Prime Ministry Undersecretariat of Treasury. 2017. Public Finance Statistics, Download: 01.10.2017.
  • Schelker, M. (2008). Public Auditors: Empirical Evidence From the US States. Basel: Center for Research in Economics, Management and The Arts.
  • Schelker, M. ve Eichenberger, R. (2010). Auditors and Fiscal Policy: Empirical Evidence On a Little Big Institution. Journal of Comparative Economics, 38, 357-380.
  • Seifert, J., Carlitz, R. ve Mondo, E. (2013). The Open Budget Index (OBI) As A Comparative Statistical Tool. Journal of Comparative Policy Analiysis, Research and Practice, 15 (1), 87-101.
  • The World Bank. 2001. Features and Functions of Supreme Audit Institutions. Erişim tarihi: 20.10.2016, http://www1.worldbank.org/prem/PREMNotes/premnote59.pdf.
  • TCMB. 2011. Kamu Borç Sürdürülebilirliği Bülteni, Türkiye Cumhuriyeti Merkez Bankası, 2011 (24).
  • Yalçın, S. 2017. Mali Şeffaflık ile Yüksek Denetim Kurumlarının Bağımsızlığı ve Örgütlenme Yapılarının Mali Performans Üzerindeki Etkisi: Bir Panel Veri Analizi. Hacettepe Üniversitesi Sosyal Bilimler Enstitüsü Maliye Bölümü, Doktora Tezi, Ankara.
  • Yılmaz, H. H. and M. Biçer. 2010. Parlamentonun Bütçe Hakkını Etkin Kullanımının Yeni Bütçe Sistemi Çerçevesinde Değerlendirilmesi. Maliye Dergisi, 158, 201-225
There are 27 citations in total.

Details

Primary Language English
Subjects Business Administration
Journal Section MAIN SECTION
Authors

Sinem Yalçın

Publication Date June 22, 2018
Submission Date November 1, 2017
Published in Issue Year 2018 Volume: 20 Issue: 2

Cite

APA Yalçın, S. (2018). THE EFFECTS OF SUPREME AUDIT INSTITUTIONS’ INDEPENDENCY ON PUBLIC DEBT SUSTAINABILITY: AN INVESTIGATION FOR TURKEY. Muhasebe Bilim Dünyası Dergisi, 20(2), 375-388. https://doi.org/10.31460/mbdd.348297

Cited By

Supreme Audit Institutions and Sustainability of Public Finance. Links and Evidence along the Economic Cycles
Sustainability
Ionel Bostan
https://doi.org/10.3390/su13179757
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