Hazine ve Maliye Bakanl\u0131\u011f\u0131, ocak ay\u0131nda ger\u00e7ekle\u015fen y\u00fcksek faiz \u00f6demesinin, bor\u00e7lanma maliyetlerindeki ani art\u0131\u015ftan veya program d\u00f6nemindeki faiz art\u0131\u015flar\u0131ndan kaynaklanmad\u0131\u011f\u0131n\u0131 bildirdi. Abone ol Bakanl\u0131ktan faiz \u00f6demelerine ili\u015fkin a\u00e7\u0131klama yap\u0131ld\u0131.<\/p>\n
Son d\u00f6nemde kamuoyunda ocak ay\u0131na ili\u015fkin faiz \u00f6demelerine dair yap\u0131lan de\u011ferlendirmeler \u00fczerine a\u00e7\u0131klama yap\u0131lmas\u0131na ihtiya\u00e7 duyuldu\u011fu belirtilen a\u00e7\u0131klamada, “Ocak ay\u0131nda ger\u00e7ekle\u015fen y\u00fcksek faiz \u00f6demesi, bor\u00e7lanma maliyetlerinde ani art\u0131\u015ftan veya program d\u00f6nemindeki faiz art\u0131\u015flar\u0131ndan kaynaklanmamaktad\u0131r. Ocak ay\u0131nda yap\u0131lan faiz \u00f6demesinin y\u00fczde 53’\u00fc, 10 y\u0131l \u00f6nce ilk ihrac\u0131 yap\u0131lan T\u00dcFE’ye endeksli devlet i\u00e7 bor\u00e7lanma senetlerinin (D\u0130BS) vadesinde \u00f6denen enflasyon fark\u0131ndan olu\u015fmaktad\u0131r.” ifadesi kullan\u0131ld\u0131.<\/p>\n
“Ge\u00e7mi\u015f enflasyon dinamiklerinin yans\u0131mas\u0131” A\u00e7\u0131klamada, T\u00dcFE’ye endeksli senetlerin \u00f6zelli\u011finin, kupon oranlar\u0131n\u0131n d\u00fc\u015f\u00fck olmas\u0131, ancak y\u0131llar itibar\u0131yla ger\u00e7ekle\u015fen enflasyon oran\u0131n\u0131n anaparaya eklenmesi oldu\u011fu aktar\u0131larak, “Biriken enflasyon fark\u0131 ise vade tarihinde toplu \u00f6denmektedir. Bu nedenle enflasyonun y\u00fcksek seyretti\u011fi d\u00f6nemlerde vadesi gelen bu t\u00fcr senetlere ili\u015fkin \u00f6demelerin ge\u00e7ici olarak y\u00fcksek g\u00f6r\u00fcnmesi do\u011fal bir sonu\u00e7tur.<\/p>\n
Dolay\u0131s\u0131yla ocak ay\u0131ndaki art\u0131\u015f, mevcut d\u00f6nemde faiz oranlar\u0131nda ani bir y\u00fckseli\u015fe de\u011fil, ge\u00e7mi\u015f enflasyon dinamiklerinin vade yap\u0131s\u0131 \u00fczerinden b\u00fct\u00e7eye yans\u0131mas\u0131na i\u015faret etmektedir.” de\u011ferlendirmesinde bulunuldu. Son y\u0131llarda ya\u015fanan y\u00fcksek enflasyon ortam\u0131 nedeniyle, T\u00dcFE’ye endeksli bor\u00e7lanma ara\u00e7lar\u0131na ili\u015fkin faiz \u00f6demelerinde ge\u00e7ici bir art\u0131\u015f g\u00f6zlendi\u011fi belirtilen a\u00e7\u0131klamada, “Ancak bu art\u0131\u015f, yap\u0131sal bir faiz y\u00fck\u00fc de\u011fi\u015fiminden de\u011fil, ge\u00e7mi\u015f d\u00f6nemde biriken enflasyonun teknik ve muhasebesel yans\u0131mas\u0131ndan kaynaklanmaktad\u0131r.” ifadesine yer verildi.<\/p>\n
“Faiz giderlerinin milli gelire oran\u0131n\u0131n 2026’da y\u00fczde 3,5’e gerilemesi \u00f6ng\u00f6r\u00fclmektedir” A\u00e7\u0131klamada, dezenflasyon s\u00fcrecindeki kazan\u0131mlar\u0131n belirginle\u015fmesiyle birlikte faiz \u00f6demelerinin daha dengeli ve \u00f6ng\u00f6r\u00fclebilir seviyelere d\u00f6nmesinin beklendi\u011fine i\u015faret edilerek, \u015funlar kaydedildi: “Nitekim g\u00f6stergeler, faiz y\u00fck\u00fcnde kal\u0131c\u0131 bir bozulmaya i\u015faret etmemektedir. Faiz giderlerinin milli gelire oran\u0131, 2002-2025 d\u00f6neminde ortalama y\u00fczde 4,4 seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n
Bu oran\u0131n 2026 y\u0131l\u0131nda y\u00fczde 3,5’e gerilemesi, Orta Vadeli Program (OVP) d\u00f6nemi sonunda y\u00fczde 3,3’e d\u00fc\u015fmesi \u00f6ng\u00f6r\u00fclmektedir. Faiz harcamalar\u0131n\u0131n vergi gelirlerine oran\u0131, 2002-2025 d\u00f6neminde ortalama y\u00fczde 25,9 iken 2026 y\u0131l\u0131nda y\u00fczde 19,9’a gerilemesi ve OVP d\u00f6nemi sonunda y\u00fczde 18,3 seviyesine d\u00fc\u015fmesi beklenmektedir.<\/p>\n
Faiz harcamalar\u0131n\u0131n merkezi y\u00f6netim toplam harcamalar\u0131na oran\u0131 2002-2025 d\u00f6neminde ortalama y\u00fczde 17,7 olarak ger\u00e7ekle\u015fmi\u015f olup, 2026 y\u0131l\u0131nda y\u00fczde 14,5’e, OVP d\u00f6nemi sonunda y\u00fczde 13,9’a gerilemesi \u00f6ng\u00f6r\u00fclmektedir.” Kamu bor\u00e7lanma stratejisinin, piyasa ko\u015fullar\u0131, makroekonomik g\u00f6r\u00fcn\u00fcm ve risk unsurlar\u0131 dikkate al\u0131narak ihtiyatl\u0131, \u00f6ng\u00f6r\u00fclebilir ve s\u00fcrd\u00fcr\u00fclebilir bir \u00e7er\u00e7evede y\u00fcr\u00fct\u00fclmeye devam edildi\u011fine dikkat \u00e7ekilen a\u00e7\u0131klamada, “Bu kapsamda, program d\u00f6neminde 10 y\u0131l vadeli T\u00dcFE’ye endeksli tahvil ihra\u00e7lar\u0131 kademeli olarak azalt\u0131lm\u0131\u015f ve 2024 y\u0131l\u0131ndan itibaren s\u00f6z konusu senetlerin ihrac\u0131na son verilmi\u015ftir.” ifadesi kullan\u0131ld\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hazine ve Maliye Bakanl\u0131\u011f\u0131, ocak ay\u0131nda ger\u00e7ekle\u015fen y\u00fcksek faiz \u00f6demesinin, bor\u00e7lanma maliyetlerindeki ani art\u0131\u015ftan veya program d\u00f6nemindeki faiz art\u0131\u015flar\u0131ndan kaynaklanmad\u0131\u011f\u0131n\u0131 bildirdi.
\n Abone ol
\n Bakanl\u0131ktan faiz \u00f6demelerine ili\u015fkin a\u00e7\u0131klama yap\u0131ld\u0131. Son d\u00f6nemde kamuoyunda oca<\/p>\n","protected":false},"author":1,"featured_media":682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"manset":[],"class_list":["post-681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/posts\/681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/comments?post=681"}],"version-history":[{"count":0,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/posts\/681\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/media\/682"}],"wp:attachment":[{"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/media?parent=681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/categories?post=681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/tags?post=681"},{"taxonomy":"manset","embeddable":true,"href":"https:\/\/gastronomigundemi.com\/index.php\/wp-json\/wp\/v2\/manset?post=681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}