창업촉진을 위한 정부재정 규모가 국가채무에 미치는 영향: 정부의 재정지출과 GDP를 중심으로

Abstract

This study tried to analyze the effect of government finances that support various policy projects for economic revitalization such as business start-up promotion on national debt. Using fiscal data by year, we empirically analyzed the effects of the government's 'financial scale' and 'health, welfare, employment expenditure' and 'national GDP', which represent the largest proportion of fiscal expenditure, on the national debt. As a result of the analysis, first, it was found that the size of the government budget had no statistically significant relationship with the national debt, but the proportion of the government fiscal GDP had a positive (+) effect on the national debt. Second, expenditure on health, welfare, and employment has a positive (+) effect on the national debt, but the proportion of GDP in the finance of health, welfare, and employment has a negative (-) relationship with national debt. Third, it was found that GDP has a positive (+) effect on national debt. Policy implications were drawn based on the research results, and the fiscal scale was managed in consideration of the national debt when establishing government finances, and the government finances were used as a reference for establishing fiscal support policies for the development of various fields. First, the size of government finances has little to do with national debt and the proportion of GDP in the fiscal has an effect on the increase in national debt. Therefore, it is necessary to control the national debt through the management of the proportion of GDP in the government finances. Second, since welfare expenditure has an effect on the increase in national debt, it is necessary to carefully review the increase in welfare expenditure and to manage the size of welfare expenditure appropriately by linking it with the proportion of GDP. In order to provide financial support to various sectors of the country, it is necessary to maintain the level of expenditure in each sector so that government finances are not concentrated. Third, it is necessary to manage the fiscal level of the government so that the increase in the proportion does not increase in consideration of the proportion of national GDP. A fiscal policy that promotes fiscal expansion through an increase in scale but maintains the proportion of GDP is needed.