8. COVID-19 Outbreak and Budget Management: An Assessment for Turkey Within the Framework of Selected Country Examples

The COVID-19 pandemic has affected the economy through supply, demand and confidence channels, causing recession. One of the financial tools used in the fight against the economic recession caused by the COVID-19 is the budget. In this study, the content of the budgetary measures, their transparency, legal infrastructure and their impact on the budget performance were evaluated. In this evaluation, the examples of France, Germany, England, Denmark, USA and Turkey were examined. The degree of quarantine measures (full quarantine, partial quarantine, mass immunity, etc.) was effective in the selection of countries. However, the limitation of the study is that the study covers the year 2020 and therefore cannot make cross-country comparisons in terms of the effect of the budgetary measures taken on the budget performance. As a result of the study, it is stated that the pandemic will continue to be effective on the parameters of the budget deficit, debt and interest burden for Turkey. It has been concluded that the differentiation between countries will emerge in terms of the transparency and legal infrastructure of the budgetary measures taken.