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Artificial Intelligence and Public Finance: The Potential Applications, Impacts, and Ethical Challenges of ChatGPT

Author

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  • Hakan ÖZDEMÄ°R

Abstract

This study examines the potential application areas and impacts of ChatGPT, a type of artificial intelligence, within the field of public finance. The study explores how ChatGPT can contribute to processes such as tax administration, audit procedures, big data analysis, and fiscal policy development. Including enhancing tax compliance, automating audits, and strengthening decision support systems, its functions are evaluated in detail. The study also addresses ethical concerns such as data privacy, bias, and the reliability of AI systems, offering solutions to manage these risks. The findings suggest that ChatGPT has significant potential to transform public finance operations and help governments use financial resources more efficiently. However, strong ethical frameworks and legal regulations must be developed to ensure the safe and fair use of AI technologies in public administration. The study emphasizes the need for future research to explore the application of ChatGPT in public finance more comprehensively.

Suggested Citation

  • Hakan ÖZDEMÄ°R, 2025. "Artificial Intelligence and Public Finance: The Potential Applications, Impacts, and Ethical Challenges of ChatGPT," Fiscaoeconomia, Tubitak Ulakbim JournalPark (Dergipark), issue 3.
    • Handle: RePEc:fis:journl:250330
    DOI: 10.25295/fsecon.1573723
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    Keywords

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    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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