Abstract:

In 2007, in Turkey, the inflation increased rapidly, the unemployment became higher, the investments decrease, the budget deficit grew and the growth slowed down. Certainly, the 22nd July parliament elections and the elections of the President of Republic had important effects on these developments. According to the 2008 estimations, the increase in the GNP will be 4%; the inflation growth will be 7%, the budget expenditures will be 225 billion Turkish Liras, when the budget income will be 205 billion Turkish Liras and finally the end year price of Dollar will be 1.5 Turkish Liras. These estimations belong to the researcher and they are little different from the governmental estimations. About the estimations on debts, the amount of foreign debt as 221.7 billion USD in 2007 will increase to 245.0 billion USD, when the amount of domestic debt as 212.7 billion USD in 2007 will increase to 210.0 billion USD. 190 billion USD import value and 120 billion USD export value are estimated and these estimations are close to the governmental estimations of 2008. Accordingly, the estimation for foreign trade deficit is 70 billion USD when the current account deficit is estimated to be 50 billion USD

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