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Journals / Amme İdaresi Dergisi / 2015 / Cilt: 48 - Sayı: 3

Structural Fiscal Balances in Turkey: Cyclical Fluctuations and Beyond

Türkiye'de Yapısal Kamu Maliyesi Dengesi: Devrevi Hareketler ve Ötesi 1

Kifaye Didem BAYAR
Pages
61–93
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

In the analysis, the output composition and the absorption gap methods have been preferred and it has been found that one-off operations–especially tax restructuring and privatization revenues–explain to a large extent the difference between nominal and structural balance.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Abstract: In public finance, the concept of structural budget balance, which is not affected by temporary economic fluctuations and non-recurrent one-off operations, has recently gained prominence.
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Key Findings & Data:In this study, the importance of structural balance, which enables the assessment of countries’ long-run fiscal position and which contains more meaningful information regarding countries’ permanent fiscal stance, has been emphasized and based on international examples, the calculations regarding the said indicator have been made for the case of Turkey for the 2000-2013 period.
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Conclusion & Impact:In the analysis, the output composition and the absorption gap methods have been preferred and it has been found that one-off operations–especially tax restructuring and privatization revenues–explain to a large extent the difference between nominal and structural balance.
🔬Design:Review & Systematic Survey
📍Scope:2000-2013 Verileri
⚙️Variables:Domain Parameters

Abstract

Abstract: In public finance, the concept of structural budget balance, which is not affected by temporary economic fluctuations and non-recurrent one-off operations, has recently gained prominence. In this study, the importance of structural balance, which enables the assessment of countries’ long-run fiscal position and which contains more meaningful information regarding countries’ permanent fiscal stance, has been emphasized and based on international examples, the calculations regarding the said indicator have been made for the case of Turkey for the 2000-2013 period. As part of the calculations in this study, beyond-the-cycle-adjustments and detailed review of one- off operations for Turkey are given. In the analysis, the output composition and the absorption gap methods have been preferred and it has been found that one-off operations–especially tax restructuring and privatization revenues–explain to a large extent the difference between nominal and structural balance.

Özet

Öz: Kamu maliyesinde son yıllarda, geçici iktisadi değişkenlerden ve sürdürülemeyen tek seferlik mali işlemlerden etkilenebilen geleneksel göstergeler yerine yapısal denge kavramı önem kazanmıştır. Bu çalışmada, ülkelerin mali durumunu uzun vadede değerlendirmeyi mümkün kılan, kalıcı mali duruş hakkında daha anlamlı bilgiler ihtiva eden bu kavram üzerinde durulmuş, uluslararası örneklerden hareketle Türkiye özelinde 2000-2013 yılları için bu göstergeye yönelik hesaplamalar gerçekleştirilmiştir. Hesaplamalarda, devre ötesi ayıklamalara ve tek seferlik işlemlerin ayrıntılı olarak işlenmesine yer verilmiştir. Çıktı kompozisyonu ve iç talep açığı yöntemlerinin tercih edildiği çalışmada, özellikle vergi yapılandırmaları ve özelleştirme gelirleri gibi tek seferlik işlemlerin, yapısal denge ve bütçe dengesi arasındaki farkı büyük ölçüde açıkladığı görülmüştür.

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Cite This Article

BAYAR, K. D. (2015). Structural Fiscal Balances in Turkey: Cyclical Fluctuations and Beyond. Amme İdaresi Dergisi, Cilt: 48 - Sayı: 3, 61–93. https://ajindex.com/articles/149778

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