RAINY DAY FUND APPLICATIONS: THE UNITED STATES CASE

Yıl 2024, Sayı: 135, 635 - 664, 07.02.2025

Merve Yolal

https://doi.org/10.52836/sayistay.1604265

Öz

Rainy day funds (budget stabilization fund) are savings funds created to provide financial flexibility in the face of economic fluctuations and budget deficits. These funds come into play when faced with situations such as economic crises, unexpected income losses or high expenses and provide the financing needed for governments to maintain essential services. Therefore, rainy day funds are an important financing tool used to ensure economic stability and maintain budget balance. This study is a theoretical examination of rainy day fund practices in the United States. In the light of the findings obtained from the empirical study results in the literature, It has been concluded that states are more likely to weather periods of fiscal stress without resorting to tax and spending changes and do not have difficulty maintaining fiscal stability when rainy day funds are in place.

Anahtar Kelimeler

Rainy day fund, general fund expenditures, fiscal policy

Yağmurlu Gün Fonu Uygulamaları: Amerika Birleşik Devletleri Örneği

Öz

Yağmurlu gün fonu (bütçe istikrar fonu) ekonomik dalgalanmalar ve bütçe açıkları karşısında mali esneklik sağlamak amacıyla oluşturulmuş tasarruf fonlarıdır. Bu fonlar ekonomik krizler, beklenmeyen gelir kayıpları veya yüksek giderler gibi durumlarla karşılaşıldığında devreye girmekte ve hükümetlerin temel hizmetlerini sürdürmesi için gerekli finansmanı sağlamaktadır. Dolayısıyla yağmurlu gün fonları ekonomik istikrarı sağlamak ve bütçe dengesini korumak amacıyla başvurulan önemli bir finansman aracıdır. Bu çalışma Amerika Birleşik Devletleri’ndeki yağmurlu gün fonu uygulamalarının teorik bir incelemesidir. Literatürdeki ampirik çalışma sonuçlarından elde edilen bulgular ışığında, yağmurlu gün fonlarının varlığı durumunda, eyaletlerin mali stres dönemlerini vergi ve harcama değişikliklerine başvurmadan daha rahat atlattıkları ve mali istikrarı sağlamada sıkıntı yaşamadıkları sonucuna ulaşılmıştır.

Anahtar Kelimeler

Yağmurlu gün fonu, genel fon harcamaları, maliye politikası

Kaynakça

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