Akademik Veri Yönetim Sistemi
38. International Public Finance Conference/Turkey, Antalya, Antalya, Türkiye, 17 - 20 Ekim 2024, ss.230-235, (Tam Metin Bildiri)
The
contingent liabilities and demand guarantees of Public Private Partnership
projects, which burden the budget and are not transparently disclosed, are
examined within the scope of the austerity measures currently in practice and
the consequences of including these projects within the scope of austerity are
discussed. In particular, the fact that mega projects in Turkey are carried out
within the scope of Public Private Partnership projects makes it necessary to
address the issue in terms of its legal and economic effects. The study
analyses the projects that Turkey has implemented since the 1980s, the demands
and guarantees given as far as they have been disclosed to the public, analyses
the impacts of these projects on the public budget and proposes solutions.
Minimising the financial risks of the projects implemented with PPP models and
solving the financial transparency problems is an important issue in terms of
alleviating the burden on the budget. When the issue is analysed in Turkey,
especially the conversion of contingent liabilities into TL rather than foreign
currency, avoiding long-term guarantees, and providing demand guarantees to
projects after feasibility studies are carried out in accordance with the
reality will reduce the financial risks of the treasury and may contribute to
the reduction of the burden on the budget. In addition, these contracts should
be executed and supervised by a single central institution and the results
should be shared with the public in a transparent manner by analysing the
obligations undertaken.In this study, Turkey's situation will be analysed and
recommendations will be presented.