Econ 102 Fall 2015. Fiscal Policy 1.Discretionary fiscal policy- 2. Automatic stabilizers.

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Presentation transcript:

Econ 102 Fall 2015

Fiscal Policy 1.Discretionary fiscal policy- 2. Automatic stabilizers

Government Budget Maintaining a healthy and sustainable government budget Primary Budget Consolidated Budget Gov’t Budget= Taxes- Gov’t Expenditure- Transfer Payments Gov’t Budget= Taxes- Gov’t Expenditure- Transfer Payments – interest Payments

Government Budget

Budget deficit financed by borrowing Government issues bonds to finance its deficit.

Public debt, (domestic, foreign and total) (billion TL)

Government Debt to GDP

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