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Fiscal Transformation in Turkey over the Last Two Decades

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  • Fatih Kaya
  • Selihan Yýlar

Abstract

Turkey has made significant progress over the last two decades regarding fiscal consolidation and a strong reform of fiscal policy. The highly fragile country of the 1990s, whose primary fiscal concern was to sustain its public finances in the short term, has become a successful transition model. Now the authorities are discussing the adoption of fiscal rules as a new anchor in public finances. A draft Fiscal Rule Law was prepared and submitted to the parliament in 2010. This article examines the fiscal policy framework of Turkey in the 1990s and 2000s and its striking economic and social consequences. The article also examines the attempts to adopt fiscal rules for Turkey.

Suggested Citation

  • Fatih Kaya & Selihan Yýlar, 2011. "Fiscal Transformation in Turkey over the Last Two Decades," OECD Journal on Budgeting, OECD Publishing, vol. 11(1), pages 59-74.
    • Handle: RePEc:oec:govkaa:5kggc0zr42g6
    DOI: 10.1787/budget-11-5kggc0zr42g6
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    Cited by:

    1. Agarwal, Samanvaya & Kamath, Saipriya & Subramanian, Krishnamurthy & Tantri, Prasanna, 2022. "Board conduct in banks," Journal of Banking & Finance, Elsevier, vol. 138(C).
    2. Süleyman KASAL & Özay ÖZPENÇE, 2020. "A Fiscal Space Analysis In Terms Of Turkey’s Domestic Debt," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(43).

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