THE EFFECTS OF SUPREME AUDIT INSTITUTIONS’ INDEPENDENCY ON PUBLIC DEBT SUSTAINABILITY: AN INVESTIGATION FOR TURKEY

Abstract

In this study, the effects of Supreme Audit Institutions’ (SAIs) Independency, which are crucial in budget process by auditing public recources for legislature, on public debt sustainability is analysed. For this reason Independency of SAIs’ Index, formed by International Budget Partnership (IBP), and primary surplus (the measurement of debt sustainability) datas of Turkey for the years 2006 to 2013 is examined by using descriptive analysis. At the end of the study, it is reached that when Supreme Audit Institutions work independent, public debt decreases and this helps to ensure public debt sustainability.