Journals / International Journal of Public Finance / 2022 / Cilt: 7 - Sayı: 2

Black Zero Implemented to Maintain Budget Balance in the Period of Angela Merkel and Evaluation of Effects

Angela Merkel Döneminde Bütçe Dengesini Sağlamak İçin Uygulanan Siyah Sıfır ve Etkilerinin Değerlendirilmesi

Pages
319–336
Publication Date
2022-12-29
DOI
—
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AI Summary & Key Takeaways

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

During the Angela Merkel period, the concept of "high budget discipline" was dominated and it was concluded that Germany's protection from the economic turmoil in Europe was largely achieved by never making any concessions from the balanced budget concept called "black zero".

📌 3 Key Takeaways

🎯
Objective & Hypothesis:A black zero was applied to balance the budget during the period of Angela Merkel, who adopted neo-liberal economic policies in Germany.
📊
Key Findings & Data:The aim of the study is to examine the effects of the black zero implementation, which is considered as a political target in 2009 in Germany, during the Angela Merkel period.
💡
Conclusion & Impact:During the Angela Merkel period, the concept of "high budget discipline" was dominated and it was concluded that Germany's protection from the economic turmoil in Europe was largely achieved by never making any concessions from the balanced budget concept called "black zero".
🔬Design:Research Article
📍Scope:2009 Verileri
⚙️Variables:Siyah sıfır · bütçe dengesi · borç sınırı

Abstract

A black zero was applied to balance the budget during the period of Angela Merkel, who adopted neo-liberal economic policies in Germany. In terms of content, Black Zero can be called the ideal political project of the Angela Merkel period. Black Zero is the guide for budget policy and declares the budget balance as the real political goal. The aim of the study is to examine the effects of the black zero implementation, which is considered as a political target in 2009 in Germany, during the Angela Merkel period. The effects on general government expenditures, revenues and investment expenditures, budget deficit, borrowing and inflation will be analyzed using tables. The study is limited to the data between 2005-2021. During the Angela Merkel period, the concept of "high budget discipline" was dominated and it was concluded that Germany's protection from the economic turmoil in Europe was largely achieved by never making any concessions from the balanced budget concept called "black zero".

Özet

Almanya’da neo-liberal ekonomi politikalarını benimseyen Angela Merkel döneminde, bütçe dengesini sağlamak için siyah sıfır uygulanmıştır. Siyah Sıfır içerik olarak Angela Merkel döneminin ideal siyasi projesi olarak adlandırılabilir. Siyah Sıfır, bütçe politikası için yol göstericidir ve bütçe dengesini gerçek siyasi hedef olarak ilan etmektedir. Çalışmanın amacı Almanya’da 2009 yılında Angela Merkel döneminde bütçe dengesini sağlamada politik bir hedef olarak nitelendirilen siyah sıfır uygulamasının etkilerinin incelenmesidir. Genel devlet harcamaları, gelirleri ile yatırım harcamaları, bütçe açığı, borçlanma ve enflasyon üzerindeki etkileri tablolar kullanılarak analiz edilecektir. Çalışma 2005-2021 yılları arasındaki verilerle sınırlandırılmıştır. Angela Merkel döneminde, “yüksek bütçe disiplini” anlayışı hakim kılınmış ve “siyah sıfır” olarak adlandırılan denk bütçe anlayışından asla taviz verilmeyerek Almanya’nın Avrupa'daki ekonomik çalkantıdan korunmasının büyük ölçüde başarıldığı sonucuna ulaşılmıştır.

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Cite This Article

DAYAR, H. (2022). Black Zero Implemented to Maintain Budget Balance in the Period of Angela Merkel and Evaluation of Effects. International Journal of Public Finance, Cilt: 7 - Sayı: 2, 319–336. https://ajindex.com/articles/868752

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