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Journals / Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi / 2026 / Volume: 12 Issue: 1

Measuring Türkiye's Fiscal Credibility and Transparency through Fiscal Balance and Debt Stock

İbrahim Al(KARADENIZ TECHNICAL UNIVERSITY)0000-0002-2653-4663
Gizem Akbulut Yıldız(GUMUSHANE UNIVERSITY)0000-0001-7492-2428
Barış Yıldız(GUMUSHANE UNIVERSITY)0000-0001-6186-4038
Pages
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Publication Date
2025-03-31
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

According to the findings, it is possible to say that fiscal credibility decreased in Türkiye, the absolute deviation between fiscal balance expectations and official targets increased, and fiscal transparency decreased, especially in the 2019-2022 period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Fiscal credibility and fiscal transparency affect many basic macroeconomic variables, especially economic growth, inflation and interest rates through expectations.
📊
Key Findings & Data:Therefore, increasing credibility and transparency increase the effectiveness of fiscal policy by enabling better management of expectations.
💡
Conclusion & Impact:According to the findings, it is possible to say that fiscal credibility decreased in Türkiye, the absolute deviation between fiscal balance expectations and official targets increased, and fiscal transparency decreased, especially in the 2019-2022 period.
🔬Design:Research Article
📍Scope:2010-2023 Verileri
⚙️Variables:Fiscal Credibility · Fiscal Transparency · Fiscal Opacity

Abstract

Fiscal credibility and fiscal transparency affect many basic macroeconomic variables, especially economic growth, inflation and interest rates through expectations. Therefore, increasing credibility and transparency increase the effectiveness of fiscal policy by enabling better management of expectations. The aim of this study is to determine Türkiye’s fiscal credibility and transparency. For this purpose, Türkiye's fiscal credibility and transparency were measured for the 2010-2023 period with the help of various indices, based on the International Monetary Fund's fiscal balance and debt stock expectations. According to the findings, it is possible to say that fiscal credibility decreased in Türkiye, the absolute deviation between fiscal balance expectations and official targets increased, and fiscal transparency decreased, especially in the 2019-2022 period.

Özet

Fiscal credibility and fiscal transparency affect many basic macroeconomic variables, especially economic growth, inflation and interest rates through expectations. Therefore, increasing credibility and transparency increase the effectiveness of fiscal policy by enabling better management of expectations. The aim of this study is to determine Türkiye’s fiscal credibility and transparency. For this purpose, Türkiye's fiscal credibility and transparency were measured for the 2010-2023 period with the help of various indices, based on the International Monetary Fund's fiscal balance and debt stock expectations. According to the findings, it is possible to say that fiscal credibility decreased in Türkiye, the absolute deviation between fiscal balance expectations and official targets increased, and fiscal transparency decreased, especially in the 2019-2022 period.

🔖

Cite This Article

Al, İ., Yıldız, G. A., Yıldız, B. (2025). Measuring Türkiye's Fiscal Credibility and Transparency through Fiscal Balance and Debt Stock. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, Volume: 12 Issue: 1. https://doi.org/10.30798/makuiibf.1565223

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