Fiscal Transformation in Turkey over the Last Two Decades [E-Book] / Fatih Kaya and Selihan Yilar
Kaya, Fatih .
Yilar, Selihan.
Paris : OECD Publishing, 2011
16 p.
Finance and Investment
Full Text
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.