Sovereign Wealth Fund Application in Turkey

Yüksel, Cihan

The public sector is basically based on two separate structures: general government and State Economic Enterprises (SEEs). The duty losses of the SEEs are covered by the current transfer payments made from the central government budget. For this reason, the duty losses of the SEEs can create a burden on the public budget. However, there are also SEEs who do not have duty losses and the positive values they create cannot be used in closing duty losses of SEEs who have deficit.Therefore, it can be mentioned from the application of ―sovereign wealth fund‖ which collects public assets under a single fund structure and manages them according to market principles. In other countries, the use of the sovereign wealth fund, which aims to assess the surplus of the budget and bring in wealth t...