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Aspects of Fiscal Policy in Turkey

Author

Listed:
  • Ebru Voyvoda

    (Middle East Technical University)

  • Erinc Yeldan

    (I.D. Bilkent University)

Abstract

This report studies the aspects of fiscal policy in post -1980 Turkey. The 1990s had been a period of acute deterioration of the public sector balances with increased indebtedness and the rising interest burden. On the other hand, the post-2001 period witnessed a significant narrowing of the fiscal budget deficits. This is often hailed as a discriminatory success of the Turkish Republic, during when the European economies suffer from a public debt crisis. Currently Turkey stands as the largest candidate country which certainly comprises differences with the EU Member States and to other candidate countries. Yet, the Turkish experience in economic policy making in the neo-liberal era should provide repercussions for the European geography, especially in the aftermath of the global financial crisis of 2008-9.

Suggested Citation

  • Ebru Voyvoda & Erinc Yeldan, 2015. "Aspects of Fiscal Policy in Turkey," Working papers wpaper109, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    • Handle: RePEc:fes:wpaper:wpaper109
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Fiscal Policy; Turkey; Debt Sustainability; IMF;
    All these keywords.

    JEL classification:

    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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