Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010

Volume: 2 Number: 2 June 1, 2013
Journal of Business Economics and Finance Cover
Journal of Business Economics and Finance
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Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010

Abstract

Together with the global financial crisis, the increased economic uncertainty in Turkey is seen to have negatively affected trust and forward-planning. During the global crisis, Turkey's economy contracted and its national budget was negatively affected. Due to the overall decline in growth, tax reductions were enacted to support the real sector, which in turn decreased public revenues and quickly increased the administration's budget deficit. To reduce the effects of the crisis, some areas of spending were increased, as well. As a result of these developments, the budget deficit and treasury debt load ratio increased past the previously projected levels.

Keywords

References

  1. Aslan Alper (2009), “The Dynamic Analysis of the Sustainability of Budget Deficit: The Case of Turkey”, Journal of Finance, July-December, Number. 157.
  2. Banking Regülation and Süpervision Agency (BRSA)(2008), Financial Markets Report, Sayı: 12, December.
  3. BÜMKO (2013), Budget Sizes and Budget Realizations, http://www.bumko.gov.tr
  4. Dominic Salvatore, Dominic (2004), “Growth and Poverty in a Globalizing World”, Journal of Policy Modeling26, pp.543-551.
  5. Undersecretariat of Treasury (2013), Debt Determinants, http://www.hazine.gov.tr
  6. IMF (2010), Restoring Confidence Without Harming Recovery, World Economic Outlook July, http://www.imf.org
  7. Ministry of Development (2009), 2010 Programı, Dokuzuncu Kalkınma Planı (2007–2013), http://www.dpt.gov.tr
  8. Ministry of Development (2010), 2011 Programı, Dokuzuncu Kalkınma Planı (2007–2013), http://www.dpt.gov.tr

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Serdar Ozturk This is me

Ali Sozdemir This is me

Ahmet Celik This is me

Publication Date

June 1, 2013

Submission Date

November 4, 2014

Acceptance Date

-

Published in Issue

Year 2013 Volume: 2 Number: 2

IZ

https://izlik.org/JA54MJ44ZK

Cite

RIS / Bibtex
APA
Ozturk, S., Sozdemir, A., Celik, A., & Ulger, O. (2013). Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010. Journal of Business Economics and Finance, 2(2), 75-94. https://izlik.org/JA54MJ44ZK
AMA
1.Ozturk S, Sozdemir A, Celik A, Ulger O. Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010. JBEF. 2013;2(2):75-94. https://izlik.org/JA54MJ44ZK
Chicago
Ozturk, Serdar, Ali Sozdemir, Ahmet Celik, and Ozlem Ulger. 2013. “Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010”. Journal of Business Economics and Finance 2 (2): 75-94. https://izlik.org/JA54MJ44ZK.
EndNote
Ozturk S, Sozdemir A, Celik A, Ulger O (June 1, 2013) Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010. Journal of Business Economics and Finance 2 2 75–94.
IEEE
[1]S. Ozturk, A. Sozdemir, A. Celik, and O. Ulger, “Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010”, JBEF, vol. 2, no. 2, pp. 75–94, June 2013, [Online]. Available: https://izlik.org/JA54MJ44ZK
ISNAD
Ozturk, Serdar - Sozdemir, Ali - Celik, Ahmet - Ulger, Ozlem. “Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010”. Journal of Business Economics and Finance 2/2 (June 1, 2013): 75-94. https://izlik.org/JA54MJ44ZK.
JAMA
1.Ozturk S, Sozdemir A, Celik A, Ulger O. Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010. JBEF. 2013;2:75–94.
MLA
Ozturk, Serdar, et al. “Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010”. Journal of Business Economics and Finance, vol. 2, no. 2, June 2013, pp. 75-94, https://izlik.org/JA54MJ44ZK.
Vancouver
1.Serdar Ozturk, Ali Sozdemir, Ahmet Celik, Ozlem Ulger. Impacts and Results of the Global Financial Crisis on Turkey’s Central Administration Budgets in 2008–2010. JBEF [Internet]. 2013 Jun. 1;2(2):75-94. Available from: https://izlik.org/JA54MJ44ZK

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