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OECD Economic Surveys: Turkey 2004

image of OECD Economic Surveys: Turkey 2004

This OECD review of 2004 of Turkey's economy examines its recent strong recovery and prospects for growth. It recommends policies designed to strengthen confidence with a view to extending the recovery.  Separate chapters cover:  improving the quality of public expenditure, establishing an open business environment, and aspects of sustainable development.

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Improving the Quality and Cost-efficiency of Public Expenditure

As has been discussed in Chapters 1 and 2, the rapid increase in government expenditures and debt has been the main cause of persistent inflation and vulnerability of the economy during the past decades, and the recent improvement of fiscal discipline has played a key role in the recovery from the 2001 crisis. The...

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