Tax Revenues from a Historical Perspective
Starting with late 1990s, the composition of tax revenues of Turkey has transformed significantly, beginning to rely increasingly on indirect taxes.
Starting with late 1990s, the composition of tax revenues of Turkey has transformed significantly, beginning to rely increasingly on indirect taxes.
Tax revenues constitute a significant share of budget revenues.
During the past decade, or to be more precise since 2003, the most significant transformation in Turkey’s government expenditures is the gradual decline in interest payments (both in absolute terms and as a proportion of overall expenditures) accompanied by a gradual increase in transfer payments.
Observing the trend of Turkey’s Budget Balance from 2003 to 2012 (at 2003 basic prices), we note that the government presistently gives a budget deficit
Just like households, governments also have a budget that negotiates revenues streams with expenditures.
Just like households, governments also have a budget that negotiates revenue streams with expenditures.