SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
The evolving role of the state as an economic actor, the emphasis on efficiency in public expenditures, the need to expand fiscal space, and the spendingincreasing tendencies following 2008 crisis have necessitated the development and implementation of effective policy tools in public financial ma...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
Turkish Court of Accounts (Sureme Audit and Jurisdiction Institution of Türkiye)
2024-12-01
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| Series: | Sayıştay Dergisi |
| Subjects: | |
| Online Access: | https://sayistaydergisi.gov.tr/files/5718_M1.pdf |
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| Summary: | The evolving role of the state as an economic actor, the emphasis on
efficiency in public expenditures, the need to expand fiscal space, and the spendingincreasing tendencies following 2008 crisis have necessitated the development and
implementation of effective policy tools in public financial management. This article
examines the spending review method, a policy tool aimed at ensuring the efficient
use of public resources and conducting public expenditures on a rational basis, to
determine whether it contributes to enhancing the efficiency of public spending. The
analysis section of the study is based on 25 OECD countries that have integrated
this method into their public financial management systems, although the practices
vary from country to country, and the budget balance is acknowledged as the primary
indicator of fiscal balance. The study finds that there has been a favorable shift in the
formerly negative impact of public spending on budget balance since the spending
review approach was implemented. |
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| ISSN: | 1300-1981 2651-351X |