Conference Paper

THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)

Volume: 22 Number: 88 October 20, 2023
TR EN

THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)

Abstract

On August 4, 1958, a moratorium was declared in Turkey. Before this fiscal event arose, liberalization policies had been abandoned. After that, the Democrat Party had to adopt the policy of interventionism. Hence, the investments were realized by the public sector rather than the private sector. While importing became more profitable, this event caused foreign exchange reserves to run out. In addition, inflation increased. Put differently, the prices of goods and services showed quite a high increase. The common feature of these problems was that they were expense-oriented. This situation meant a budget deficit. Nevertheless, to meet the budget deficit, the method of borrowing was applied. However, because borrowing was not used efficiently, the moratorium arose. In this study, these points are explored and some suggestions are presented to avoid such problems in the future.

Keywords

References

  1. Aksoy, Ş. (1991). Kamu Maliyesi- Kamu Harcamaları, Kamu Gelirleri, Bütçe, Maliye Politikası. İstanbul: Filiz Kitabevi.
  2. Altay, A. (2015). Kamu Maliyesi- Teorisi, Gelişimi ve Kapsamı. Ankara: Seçkin Yayıncılık.
  3. Arsan, H. Ü. (1961). Türkiye’de Cumhuriyet Devrinde İç Devlet Borçları. Ankara: Sevinç Matbaası.
  4. Balıkçıoğlu, N. (2019). 1980-1989 Döneminde Kamu Maliyesinde Yapılan Devlet İç Borçlarının Yapısal Gelişimi ve Enflasyonist Etkileri. Ankara: Atlas Akademik Basım Yayın Dağıtım.
  5. Boratav, K. (2019). Türkiye İktisat Tarihi 1980-2015, 24. Baskı. Ankara: İmge Kitabevi.
  6. Bülbül, D., Ejder, H. L. ve Şahan, Ö. (2006). “Türkiye’de Kamu Borçlarının Kaynakları, Yapısı ve Niteliklerinin Değerlendirilmesi (1990-2004 Dönemi Analizi)”, İ.Ü. Siyasal Bilgiler Fakültesi, Ekim 2006(35), 101-123.
  7. Coşar, N. (2005). “Demokrat Parti Dönemi Maliye Politikası”, Ankara Üniversitesi SBF Dergisi, 60(1), 29-58.
  8. Çelebi, I. (2001). Ne Olacak Ne Yapmalıyız, 2. Basım. Ankara: Bilgi Yayınevi.

Details

Primary Language

English

Subjects

Economics

Journal Section

Conference Paper

Early Pub Date

September 15, 2023

Publication Date

October 20, 2023

Submission Date

September 23, 2022

Acceptance Date

August 10, 2023

Published in Issue

Year 2023 Volume: 22 Number: 88

APA
Gümüş, Ö. (2023). THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958). Elektronik Sosyal Bilimler Dergisi, 22(88), 1958-1974. https://doi.org/10.17755/esosder.1179524
AMA
1.Gümüş Ö. THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958). esosder. 2023;22(88):1958-1974. doi:10.17755/esosder.1179524
Chicago
Gümüş, Öner. 2023. “THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)”. Elektronik Sosyal Bilimler Dergisi 22 (88): 1958-74. https://doi.org/10.17755/esosder.1179524.
EndNote
Gümüş Ö (October 1, 2023) THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958). Elektronik Sosyal Bilimler Dergisi 22 88 1958–1974.
IEEE
[1]Ö. Gümüş, “THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)”, esosder, vol. 22, no. 88, pp. 1958–1974, Oct. 2023, doi: 10.17755/esosder.1179524.
ISNAD
Gümüş, Öner. “THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)”. Elektronik Sosyal Bilimler Dergisi 22/88 (October 1, 2023): 1958-1974. https://doi.org/10.17755/esosder.1179524.
JAMA
1.Gümüş Ö. THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958). esosder. 2023;22:1958–1974.
MLA
Gümüş, Öner. “THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958)”. Elektronik Sosyal Bilimler Dergisi, vol. 22, no. 88, Oct. 2023, pp. 1958-74, doi:10.17755/esosder.1179524.
Vancouver
1.Öner Gümüş. THE TROUBLE IN PUBLIC FINANCE: MORATORIUM IN THE DEMOCRATIC PARTY PERIOD (1950-1958). esosder. 2023 Oct. 1;22(88):1958-74. doi:10.17755/esosder.1179524

Cited By