Page 17 - 2005GR

Individual Pension System 2005 Progress Report

Makroekonomik belirsizliklerin azalmas›, kredi faiz With macroeconomic uncertainties dissipating, borrowing
oranlar›n›n düflmesi ve istikrarl› büyümeye ba¤l› olarak interest rates declining, and economic growth remaining
2005 y›l›nda bankac›l›k sektörü büyümeye devam etmifl on course, the banking sector continued to grow in 2005
ve aktif büyüklük ile kredi hacimlerinde art›fl kaydedilmifltir. and registered significant increases in both its assets
Bankac›l›k toplam kredi hacmi, 2004 y›l›na göre %49,9 and its lendings. The total volume of credit extended by
oran›nda artarak 128 milyar YTL’ye yükselmifltir. “Kredi the sector last year reached YTL 128 billion, 49.9 percent
hacimlerindeki bu yükseliflte, ticari krediler ve baflta higher than what it had been in 2004. “The biggest
konut kredileri olmak üzere tüketici kredilerinde görülen contributors to this rise in lending were commercial
art›fl etkili olmufltur. 2004 y›l sonuna göre ticari krediler loans and a surge in consumer credit, especially to
%48,9, tüketici kredileri %120,3, tüketici kredileri içinde finance home purchases. At 48.9 percent, the increase
yer alan konut kredileri de %367,8 oran›nda art›fl in commercial credit was just a shade under the overall
göstermifltir.” (DPT, Mali Piyasalarda Geliflmeler, Ocak average. On the other hand, the total volume of consumer
2006) credit expanded 120.3 percent while the growth in
housing loans was an astonishing 367.8 percent.”
2005 y›l› özellefltirme uygulamalar› aç›s›ndan verimli bir (State Planning Organization, Developments in Financial
y›l olmufltur. 1985 y›l›ndan itibaren 243 kurulufltaki kamu Markets, January 2006)
hisseleri özellefltirme kapsam›na al›nm›flt›r. Yaklafl›k 20
y›ld›r devam edilen bu süreçte 2005 y›l› içinde 18 adet 2005 was a successful year for the government’s
kurumun sat›fl/devir ifllemi tamamlanm›flt›r. 2005 y›l› privatisation program. Public shares in 243 public
sonu itibar› ile sat›fl ifllemi/ihalesi tamamlanan projelerden institution has been included in the privatisation program
sa¤lanmas› beklenen gelir 8,2 milyar milyar ABD dolar› since 1985. After about two decades of fitful performance,
düzeyindedir. (Ö‹B, 2005 Özellefltirme Uygulamalar›) no fewer than 18 state-owned companies were
sold/transferred. The total income expected from projects
2005 y›l›n›n sonunda 24 milyon 565 bin kifli olan sivil whose sale or auction had been completed as of year-
iflgücünün 22 milyon 46 kiflisi istihdam edilmifltir. Sivil end 2005 was around USD 8.2 billion. (Privatisation
istihdam, 2005 y›l› sonunda 2004 y›l›na göre %1,16 Administration, 2005 Privatisation Activities)
oran›nda art›fl göstermesine ra¤men, 2004 y›l›nda %10,3
olan iflsizlik oran›, 2005 y›l›nda da ayn› seviyesini As of the same date, 22,046 thousand of the total civilian
korumufltur. (TÜ‹K, 2005 Y›l› ‹flgücü Anketi) workforce numbering 24,565 thousand was employed.
Although there was a modest (1.16 percent) increase
2005 y›l› üçüncü çeyre¤inde GSY‹H ve GSMH, ayn› in civilian employment in 2005 as compared with 2004,
oranda, %5,5 oran›nda artm›flt›r. 2002 y›l›n›n ilk çeyre¤inde the overall unemployment rate remained the same (10.3
bafllayan aral›ks›z büyüme süreci 2005 y›l›n›n üçüncü percent). (Turkstat, 2005 Workforce Survey)
çeyre¤inde de devam etmifl, böylece ekonomide 15
dönemlik bir büyüme süreci yaflanm›flt›r. 2006 y›l› GSMH In the third quarter of 2005, GDP and GNP were up
büyüme oran› %5 olarak tahmin edilmektedir. (DPT, 5.5 percent at the same rate. The process of sustained
Ekonomik Geliflmeler, Ocak 2006) growth that began in the first quarter of 2002 was still
under way in the third quarter of 2005, meaning that the
2005 y›l› sonunda 21,3 milyar YTL olarak bütçelenen national economy had enjoyed 15 quarters of
cari aç›k 2005 y›l› sonu itibariyle 2004 y›l›na oranla, petrol uninterrupted growth. A GDP growth rate of about
fiyatlar›ndaki art›fl ve d›fl ticaret a盤› nedeniyle %46,4 5 percent is also projected for 2006. (State Planning
artarak 22,9 milyar ABD dolar›na ulaflm›flt›r. 2005 y›l›nda Organization, Economic Developments, January 2006)
ihracat %15,8 artarak 73,1 milyar ABD dolar›na ç›karken,
ayn› dönemde %19 oran›nda artan ithalat ise 116 milyar The current-account deficit budgeted for 2005 was
ABD dolar› olmufltur. Bu dönemdeki d›fl ticaret a盤›, YTL 21.3 billion. In fact it weighed in at USD 22.9 billion
2004 y›l›na göre %24,9 oran›nda artarak 42,9 milyar ABD (46.4 percent more than what it had been in 2004) due
dolar›na yükselmifltir. 2006 y›l› sonunda cari ifllemler partly to the rise in oil prices but also because of the
a盤›n›n 22 milyar ABD dolar› olaca¤› tahmin edilmektedir. country’s foreign trade deficit: exports in 2005 were up
(DPT, Ekonomik Geliflmeler, Ocak 2006) 15.8 percent year-on and were worth USD 73.1 billion;
but imports increased an even faster 19 percent and
amounted to USD 116 billion. This corresponds to a
foreign trade deficit of USD 42.9 billion, which is 24.9
percent more than what it had been in 2004. The deficit
projected for 2006 is USD 22 billion. (State Planning
Organization, Economic Developments, January 2006)
As a result of privatisations and private-sector joint
ventures with foreign firms but thanks also to greater

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