ASSESSMENTON TURKISH JUDICIAL PUBLIC DEBT STRATEGY IN THE LIGHTS OF DEBT POLICIES

Abstract

Author(s): Erdem Erdin├ž ERBEYIN, ├ľzay ├ľZPEN├çE

In conjunction with economic developments in the world, many states have agreed on various economic, politic and international agreements for removing trade barriers and trade transparency. In the meanwhile, it should be stated that both developed states and developing states have struggled with global financial crisis because of global economic relations. Undoubtedly, most of the states have taken on debt from international financial institutions to get over economic crisis. At this point, Turkey has also focused on this fragile issue and has forced efficient public debt strategies to close its budget deficit. In 2002, Turkey put into force to theTurkish Public Debt Law (Law No: 4749). In this article, the author aims to evaluate Turkey’s public debt strategies in the lights of public debt principles and in the scope of Turkish Public Debt Law.

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