Aspects of Fiscal Policy in Turkey

Ebru Voyvoda and Erinc Yeldan

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

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.

Keywords: Fiscal Policy; Turkey; Debt Sustainability; IMF (search for similar items in EconPapers)
JEL-codes: H10 H50 H62 H63 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2015-07-01
New Economics Papers: this item is included in nep-ara, nep-cwa, nep-mac and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper109

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