ISSN:2149-0821

EFFECTS OF EXTERNAL DEBTS ON FINANCING PUBLIC EXPENDITURES


Discussions on the position of the state in the economy, today, have concentrated on when and by which instruments the state should interfere in the economical field but not on whether the state should interfere in the economy or not. Especially, in developing countries, states undertake important roles in the economy both as regulators and participants. Because of public expenditures that increase every passing day, borrowing continues to be one of the indispensable sources of financing for countries. It is of importance to use those sources in the correct fields. Otherwise, sources of government borrowing which are used in inefficient fields cause negative consequences for economies of the countries. The aim of this study is to determine the effects of public revenues obtained through borrowing. In this study, effects of external debts on public expenditures were examined under three titles. In the first part, first of all, public expenditures were defined conceptually, and then they were classified and financing methods for public expenditures were addressed. In this way, it was tried to determine the place of public debts among other methods of public financing. In the second part of the study, the term public borrowing, its classification and features were handled, taking the study to a more specific dimension. In the last part of the study, effects of external debts were analyzed under subtitles.


Keywords


Public Expenditure, Financing Methods, External Debt

Author : Esra GÜR
Number of pages: 298-314
DOI: http://dx.doi.org/10.16990/SOBIDER.4417
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The Journal of Social Sciences
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