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Basic of research : In Turkey, the public debt was introduced at the end of the sixties. This study scrutinizes the experience of the Turkey. In the first step, the paper explores the potential normative and political-economic driving forces of public debt and its instruments projections. The following part evaluates forecasting with regard to public expenditures and deficits. The paper is organized as follows: In the next section the theoretical framework of the public debt. In section 3 are presented variety of the state debts and in section 4 managing of them. Aim of research: . The paper attempts to estimate the debt sustainability and publib debt instruments in Turkey.. Next, we discuss the public debt policy and its impact on the macro economy. Source of data: Turkey’s debt has sharply increased from early 1980s. Fiscal policy plays a crucial role for a country in achieving its economic and social objectives through the use of government’s resources. On the other hand it is constrained by the need to finance the corresponding deficit. Main discussion Public debt has a long history in many countries. Since long time many economic explanations of public debt have been offered. Recently, political-economic explanations have gained more and more interest. Recent concerns over the government deficit have raised the issue of debt sustainability, whether or not a government can continue to operate under its current fiscal policy indefinitely. Result Final section concludes analysing of the public debt, size of public sector. and fiscal sustainability. The general result is that the” crowding out” can occur when the state debt raises. The state debt crise can cause fiscal unsustainability and safeness of the land. Debt policy aims at protecting public budget deficit. In this study tested Wagner rule. In the end of the research are assessed the debt policy, debt instruments and their effects on the macro economic

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