Assessment of public deficit, money creation and inflation problems in Turkey: 2010-2020
Authors
-
Zeynep Erdoğan
Istanbul University / Türkiye
0009-0008-2158-083X
Views
589
Abstract
Turkey has faced economic problems such as public deficit, money creation, and inflation between 2010 and 2020. Public deficit is a situation where government expenditures exceed its revenues. In Turkey, the fiscal deficit has consistently remained high during these years, increasing the government’s borrowing needs. Money creation is a situation that arises when the central bank increases its money supply. The resulting abundance of money from the central bank has led to rising prices and decreased purchasing power for citizens. Money supply has continuously increased in Turkey over the past decade, which has also triggered inflation. These findings have been reached through a literature review. In conclusion, economic issues such as public debt, money creation, and inflation are closely related to each other and are factors that negatively affect economic growth. Turkey needs to develop policies and undertake economic reforms to address these problems.
Keywords:
Public Deficit Money Creation Money Supply Inflation Economic GrowthDownloads
References
Downloads
Published
Issue
Section
How to Cite
License
Copyright (c) 2023 Holistence Publications
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish with this journal agree to the following terms:
1. Authors retain copyright and grant the journal right of first publication, with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0) that allows others to share and adapt the work with an acknowledgement of the work's authorship and initial publication in this journal.
2. Everyone who is listed as an author in this article should have made a substantial, direct, intellectual contribution to the work and should take public responsibility for it.
