Turkey's Public Sector Finances and EU Perspective

Download

55-55-1-PB.pdf

Date

2005-12

Author

Merih, Celasun

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

177
views

62
downloads

In contrast to the sharpened policy preferences for sustainable public finances in the EU, Turkey’s post-1990 policy process did not feature a credible political commitment to fiscal consolidation. Turkey postponed the fundamental change in its macroeconomic and public finance strategy until the early 2000s, and undertook these reforms only after experiencing a severe financial crisis. This paper reviews the patterns of fiscal adjustment against the backdrop of the main macroeconomic trends in the 1990s and early 2000s, and identifies the main strengths and pitfalls of the fiscal reform strategy. Based on assessments of projected debt dynamics, the paper highlights that persistent primary surpluses are required in the medium-run in order to ensure a credible pace of public debt reduction. Moreover, the composition of fiscal adjustment needs to be modified in favor of a greater reliance on direct taxes in order to enhance the durability of the fiscal adjustment and further reform of the social security system is needed to reduce the social security deficits that impose a growing burden on the budget.

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/55
https://hdl.handle.net/11511/58539

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

Turkey vis-à-vis the periphery of the EU: An economic assessment Türel, Oktar (Orta Doğu Teknik Üniversitesi (Ankara, Turkey), 2014-12) The aim of this paper is to review the Turkish economic experience in comparison to those countries at the periphery of the EU in the last three decades. Starting with the assessment of economic performance in major country groups over the last three mediumterm cycles of the world economy, the paper then proceeds to the examination of debt-led boom and the subsequent recession in that periphery over the 2000s. In the following section, Turkish economic development over the long run is reviewed and it is...
Turkey`s `Long` COVID: The Analysis of the Sources of Economic and Health Failures Failures during the COVID-19 Crisis Özen, İlhan Can (Brill, Leiden , 2022-10-01) The reappraisal of Turkey`s Performance During the COVID-19 Era, from the point of view of macroeconomic stability, and the increasing inequalities that are increasingly limiting the 21st Century Turkish development.
Turkey's experience with neoliberal policies since 1980 in retrospect and prospect Şenses, Fikret (2012-09-01) This paper provides a critical assessment of Turkey's economic performance under the neoliberal economic policies which have been instrumental in generating a profound transformation in its socioeconomic structure since 1980. The paper draws special attention to the government's loss of policy autonomy and the democratic deficit at the initial and implementation stages of this transformation. It then evaluates Turkey's economic performance on the basis of indicators with medium and long-term impacts, such a...
TURKEY'S PRESIDENTIAL EXECUTIVE SYSTEM: REACTIONS FROM THE OPPOSITION PARTIES İşçi, Didem; Köksal, Pınar; Department of Political Science and Public Administration (2021-9-7) This thesis aims to examine Turkey's switch to the presidential executive system from the perspective of opposition parties. In this regard, the discourses of the Republican People’s Party, the Good Party, and the People’s Democratic Party, which are the opposition parties that have a parliamentary group in the Turkish Grand National Assembly are studied with the qualitative content analysis methodology. Moreover, three other minor political parties such as the Felicity Party, the Democracy and Progress Par...
Turkish Public Opinion and European Union Membership The state of The Art in Public Opinion Studies in Turkey Şenyuva, Özgehan (2006-03-01) This article presents the findings of a survey of the data collected on Turkish Public opinion and Turkey’s bid for European Union membership from late 1990s until 2004. The aim of the study is to present the state of the art in public opinion studies in Turkey by looking at different sectors, namely academics, international and private research. In this essay it is argued that the collection of qualified data on Turkish public opinion and EU, and the study of Turkish public opinion is very disregarded comp...

Citation Formats

C. Merih, “Turkey’s Public Sector Finances and EU Perspective,” ODTÜ Gelişme Dergisi, vol. 32, no. 2, pp. 213–258, 2005, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/55.