Özet:

The excessive interest rate of debt is an important instrument in terms of budgetary discipline in developing countries such as Turkey. With the excess of interest, the budget expenditure can be covered by the interest costs to get rid of the problem of debt and the possibility of less debt with lower interest rates. This will contribute positively to economic growth by bringing economic stability together. Therefore, Turkey also wanted to reduce its public debt stocks and costs by providing a non-profit excess in the budget and ensuring the sustainability of debts. Economic stability can be achieved along with the discipline and improvement in the public budget. In literature, the implementation of strict financial policies for non-profit excess may have a negative impact on economic growth. However, the economic growth that Turkey provides especially after 2001 is expected to be excessive and low debt possibility that it brings. The study, using quarterly data between 1998 and 2013, analyzed the impact of non-profit excess on economic growth and the analysis of equalization. According to the empirical findings, there was a long-term positive relationship between the excess interest rate and growth.

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