Turkey's Fiscal Policy Rules Revolutionize Economic Stability and Growth.
Discretionary fiscal policies were used a lot in the past to stabilize the economy, but they caused problems like budget deficits and inflation. To solve these issues, new economic approaches were developed, like Constitutional Economic Theory. This theory includes rules for fiscal policies, which help balance the budget and public finances. Turkey started implementing fiscal policy rules in 1999 to deal with economic instabilities. These rules became a draft law in 2010, but the application was delayed to 2012 due to economic reasons.