Devlet Borçlanmasının Sosyal Ve Ekonomik Etkileri
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DOI: 10.5455/ey.10375
Note: [English Title] SOCIAL AND ECONOMIC EFFECTS OF PUBLIC BORROWING [English Abstract] Recently, the budget deficit of public sector is common issue for all countries. Budget deficit is often sorted out by the mean of governmental debts. In this article, it is aimed to explain the economic and social effects of governmental debts. The previous and current alternatives regarding governmental debts are investigated in various aspects. Possible effects of governmental debts are deseribed by using Turkish example. Debt management is signifıcant as much as debt usage in the view of economic and social effects. Loaning is obviously important for the development of all countries. However, wrong debt management can create problems related to its economic and social effects in middle and long term for development of countries. Sources, targets, usage places and term structure of public debts results different economic and social effects. Nowadays public debts are considered as normal public revenue. However public debts have resulted same vicious circles especially for developing countries. Hot money and high interest rates phenomena have been the highest costs in developing countries. [English Keywords] Not available
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