It is useful for those who design and implement economic policy to pay attention to the 'future budget deficit' problem.
It is now very easy to explain the troubles that may arise from the high level of public debts. It is possible to look at what happened to Greece or Italy without taking a long explanation or a short cut. Spain is a hoş nice nasıl example of how deep problems in other areas of the economy that do not seem to be related to the public sector, such as the fragility of the banking sector, can suddenly become a public problem, and public debt can jump and make a country open to those big troubles. .
In fact, there are problems in the public sector that are not visible, but may occur in the future. Let's say public debt is low. There is no problem with the budget; open negligible level. Under these circumstances, however, public authorities need to be careful. Because one that we know from international experience both in Turkey from both quite bygone experience that could lead to future budget deficit could be given guarantees from today. Or you may have 'implicit' obligations. For example, 'others' can not complete the budget may have to complete. It's like a riddle. I better close this subject and draw a very short view of Ankara from the summer months.
In summer, Ankara empties. This time it happened. But unlike previous summers, traffic in some important areas was not relaxed. Because of the construction of the subway, some roads were partially or partially closed to traffic. However, if the promises made before were realized, the Ankara subway would already have a few more lines. Most of the people of Ankara did not forget these words of course, but being told that the construction of the subway is finished rough, at least, in the process of completing the rest of the subway, they think they will not suffer in terms of traffic.
It didn't. I stopped the metro activity for quite a while before. Therefore, the 'process of completion of the rest' did not begin. Since it did not start, there was no activity that would lead to troubles as it would not be withdrawn; There's no point in consolation. Then, when the municipality went out of the way and the process of completing the lines of Ankara subway was started by using general budget resources, they started to experience traffic punishment, albeit regionally; solves fos output.
Anyway… These are the problems of Ankara residents who cannot think of using the option to evacuate their city, with the inspiration that our bureaucrats give to Istanbul residents. So it's a local problem. Moreover, this is not a corner where traffic problems will be discussed; economy corner. I'll go back to my job, the economy.
Precautions should be taken
The Ankara subway example is a good example of how an investment initially financed by municipal revenues will have to be financed by budgetary means. The story is that economic policy makers and practitioners should pay attention to the problem of 'future budget deficit'. Are there any possible burdens from the municipalities and TOKI in the future? If there is such a possibility, what kind of measures should be taken in order to tackle this load in the future without destabilizing it?
Source : http://www.radikal.com.tr