Covid-19 Pandemi Döneminde Uygulanan Kamu Harcama Politikası Uygulamalarının Kamu Mali Dengesine Etkisi: Seçilmiş Ülke Örnekleri Üzerine Bir Değerlendirme

burcu durak oldaç; Mustafa Sakal

doi:10.5281/zenodo.8434277

Authors

burcu durak oldaç çukurova üniversitesi https://orcid.org/0000-0001-8711-7057
Mustafa Sakal Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi, İzmir / TÜRKİYE https://orcid.org/0000-0003-4527-0605

DOI:

https://doi.org/10.5281/zenodo.8434277

Keywords:

Covid-19, Fiscal Measures, Public Expenditure Measures, Public Financial Balance

Abstract

Exactly a century after the Spanish Flu swept the world, the world is facing a new pandemic. The first case emerged in the Chinese province of Wuhan in December 2019 and then spread across the world. The World Health Organization named the virus SARS-CoV-2 and used the term Covid-19 to describe the disease caused by the virus, and declared a pandemic on March 11, 2020. Acting with the motive that the priority is to save human life, governments have implemented strict measures to limit social life in the fight against the pandemic. The measures taken to limit the spread of the disease led to supply and demand shocks on the economic front. In the fight against the economic crisis caused by the pandemic, expansionary fiscal policies were prioritized within the framework of Keynesian policies, and especially expenditure-based public policies were put into practice. The expenditure-based public policy implementations adversely affected the fiscal balances and led to an increase in budget deficits and debt stocks of countries. In this study, public expenditure and public revenue policies, which are among the fiscal policy instruments implemented by selected countries in the fight against the Covid-19 Pandemic, are included and the impact of the pandemic on public fiscal balances is evaluated within the scope of selected countries.

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