@article{article_919232, title={A NEW DEBT INDICATOR FOR TURKEY: GENERAL GOVERNMENT NET DEBT}, journal={Sayıştay Dergisi}, pages={111–134}, year={2016}, author={Vayvada Derya, Eylem and Yavuz, Hüseyin Hakan}, keywords={Maastricht Borcu,Net Maastricht Borcu,Genel Yönetim}, abstract={The purpose of this paper is to calculate the General Government Net Debt of Turkey by using harmonized set of assets and liabilities. By doing so, we aimed at analyzing how the gross debt figures differ when assets are introduced into calculations. In our analysis, we’ve selected 3 types of instruments; currency and deposits, securities and loans to end up with a standardized net debt indicator. Our results indicate that Turkey’s indebtedness has improved in the last decade both in gross and net terms in comparison to EU countries. However, the gap between the EU average and Turkey for net debt is smaller than it is implied by the gross debt figures}, number={103}, publisher={T.C. Sayıştay Başkanlığı}