Page 16 - 2005GR_ING

Bireysel Emeklilik Sistemi 2005 Geliflim Raporu

B‹R YILI GER‹DE BIRAKIRKEN
LEAVING A YEAR BEHIND

1.2 Türkiye Ekonomisindeki Gelişmeler
Developments in the Turkish Economy

Avrupa Birli¤i’ne (AB) üyelik müzakerelerinin bafllamas› The start of Turkey’s European Union (EU) accession
ile Türk ekonomisi aç›s›ndan IMF stand-by anlaflmas›n›n negotiations was a development no less important for
yan› s›ra büyük önem tafl›yan bir uygulama daha hayata the Turkish economy than ongoing IMF’s stand-by
geçmifltir. Bununla birlikte gelecek dönemlerde ekonomik agreement. The widely held view is that as the
program›n sürdürülmesine ek olarak, müzakereler negotiations progress and the country’s economic and
boyunca AB ile ekonomik ve sosyal uyumun art›r›lacak social harmonisation with the EU increases, the stability
olmas›, Türkiye ekonomisindeki istikrar›n ve and predictability of the Turkish economy will become
öngörülebilirli¤in giderek sa¤lamlaflmas›na neden even more firmly entrenched.
olacakt›r.
In the aftermath of Turkey’s success in combating its
Enflasyonda sa¤lanan baflar›dan sonra, ulusal paraya chronic inflation the new Turkish lira was launched at
sayg›nl›k kazand›rmak için 2005 y›l› bafl›ndan itibaren the beginning of 2005. This successful launching
YTL’ye geçilmifltir. Baflar› ile hayata geçirilen bu uygulama bestowed the new national currency with stability. As of
ile ulusal paraya istikrar kazand›r›lm›flt›r. Türk Liras› year-end 2005, the ratio of Turkish lira deposits to the
mevduat›n toplam mevduat içerisindeki pay› 2003 y›l› banking system’s total deposits stood at 63 percent, a
sonunda %50 iken 2005 sonu itibariyle %63’e remarkable rise from 50 percent in 2003. (Banking
yükselmifltir. (BDDK) Regulation and Supervision Agency)

Ekonomik program›n kararl›l›kla uygulanmas› As a result of monetary and fiscal policies staunchly
çerçevesinde yürütülen fiyat istikrar›na odakl› para adhered to within the framework of the country’s
politikas› stratejisi ve disiplinli maliye politikalar› economic program, the three-year decline in inflation
sonucunda üç y›ld›r süregelen enflasyondaki düflüfl continued in 2005 as well. According to the base-year
süreci 2005 y›l›nda da devam etmifltir. 2005 Ocak ay›ndan 2003 indexes whose publication began as of January
itibaren yay›mlanmaya bafllayan 2003 bazl› endekslere 2005, the year-on rise in consumer prices last year was
göre; 2005 y›l› tüketici fiyatlar›ndaki y›ll›k art›fl %7,72, 7.72 percent while the increase in manufacturer prices
üretici fiyatlar›nda ise y›ll›k art›fl %2,66 seviyesinde was an even more remarkable 2.66 percent. The inflation
gerçekleflmifltir. 2006 y›l› enflasyon hedefi %5 olarak target announced for 2006 is 5 percent. (Turkstat)
aç›klanm›flt›r. (TÜ‹K)
As was the case in 2004, the fundamental objective of
2004 y›l›nda oldu¤u gibi 2005 y›l›nda da maliye fiscal policy in 2005 was to reduce the total stock of
politikalar›n›n temel hedefi önemli oranda faiz d›fl› fazla public debt and ensure its sustainability by generating
vererek kamu borç stokunun azalt›lmas› ve a non-interest surplus. In line with this, measures continue
çevrilebilirli¤inin sa¤lanmas› olmufltur. Bu hedefler to be taken to increase budgetary revenues while also
do¤rultusunda gelir art›r›c› ve harcama disiplini sa¤lay›c› disciplining outlays. The deficit in the consolidated
tedbirlere ve düzenlemelere devam edilmifltir. Konsolide budget in 2005 was YTL 9.7 billion, a performance that
bütçede, 2005 y›l sonunda bütçe a盤› 2004 y›l›na göre makes it 67.8 percent less than what it had been at the
%67,8 azal›flla 9,7 milyar YTL düzeyinde gerçekleflmifltir. end of 2004. Furthermore there were improvements to
Giderler içinde yer alan faiz ödemelerinde %19,1 oran›nda be seen on a number of other fronts as well. For example
gerileme olurken, sosyal güvenlik kurulufllar›na yap›lan among outlays, there was a 19.1 percent contraction in
transferlerde %22,9 art›fl meydana gelmifltir. Ayn› interest payments while transfers to social security
dönemde konsolide bütçe faiz hariç dengede 35,9 milyar institutions was up 22.9 percent for the year. The
YTL fazla vermifltir. (DPT, Ekonomik Geliflmeler Ocak consolidated budget yielded a non-interest surplus
2006) amounting to YTL 35.9 billion in 2005. (State Planning
Organization, Economic Developments, January 2006)
‹ç borç stoku 2005 y›l sonu itibariyle 2004 y›l› sonuna
göre %9,2 oran›nda artarak 227 milyar YTL’si tahvil 17,8 At end-2005 the stock of domestic public debt stood at
milyar YTL’si bono olmak üzere 244,8 milyar YTL’ye YTL 244.8 billion (YTL 227 billion in bonds and YTL 17.8
yükselmifltir. 2004 y›l› sonunda bono ve tahvillerde billion in bills). This was 9.2 percent higher than what it
ortalama vade 14,7 ay iken, 2005 y›l sonunda ortalama had been twelve months earlier. At end-2004, the average
vade 27,4 aya yükselmifltir. 2004 y›l›nda ortalama %24,7 maturity of both bonds and bills was 14.7 months; by
olan iskontolu TL cinsinden iç borçlanma faizi, 2005 y›l› the end of 2005, this had lengthened to 27.4 months.
sonunda %16,3 gerilemifltir. (Hazine Müsteflarl›¤›, Ocak In 2004 the average rate of interest on the Treasury’s
2006) discounted Turkish lira borrowing was 24.7 percent; by
end-2005 this had contracted to 16.3 percent.
(Undersecretariat of Treasury, January 2006)

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