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: Nihal Selcen HANÇER
Format: Article
Language:English
Published: Turkish Court of Accounts (Sureme Audit and Jurisdiction Institution of Türkiye) 2024-12-01
Series:Sayıştay Dergisi
Subjects:
Online Access:https://sayistaydergisi.gov.tr/files/5718_M1.pdf
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author Nihal Selcen HANÇER
author_facet Nihal Selcen HANÇER
author_sort Nihal Selcen HANÇER
collection DOAJ
description 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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series Sayıştay Dergisi
spelling doaj-art-5c9fd01c1a2f4e4d82174925809633b22025-08-20T03:15:56ZengTurkish Court of Accounts (Sureme Audit and Jurisdiction Institution of Türkiye)Sayıştay Dergisi1300-19812651-351X2024-12-013513553156710.52836/sayistay.1579973SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCENihal Selcen HANÇER0https://orcid.org/0000-0002-6426-8044Hazine ve Maliye BakanlığıThe 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.https://sayistaydergisi.gov.tr/files/5718_M1.pdfspending reviewfiscal spaceefficiency in public expendituresbudget balance
spellingShingle Nihal Selcen HANÇER
SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
Sayıştay Dergisi
spending review
fiscal space
efficiency in public expenditures
budget balance
title SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
title_full SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
title_fullStr SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
title_full_unstemmed SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
title_short SPENDING REVIEW AS A POLICY TOOL FOR ENSURING EFFICIENCY IN PUBLIC EXPENDITURES AND ITS IMPACT ON FISCAL BALANCE
title_sort spending review as a policy tool for ensuring efficiency in public expenditures and its impact on fiscal balance
topic spending review
fiscal space
efficiency in public expenditures
budget balance
url https://sayistaydergisi.gov.tr/files/5718_M1.pdf
work_keys_str_mv AT nihalselcenhancer spendingreviewasapolicytoolforensuringefficiencyinpublicexpendituresanditsimpactonfiscalbalance