PUBLIC LOSS AND THE RESPONSIBLES IN THE HIGHER EDUCATION INSTITUTIONS’ REVOLVING FUNDS

Article 71 in Public Financial Management and Control Law No. 5018 stated public loss as is preventing an increase or causing a decrease in the public resource as a result of a decision, transaction or action that violates the legislation and that stems from their intention, fault or negligence. The purpose of this study is to examine public loss in terms of revolving funds for higher education institutions. In addition to this, the responsibility for public loss will also need to be determined in order to compensate the damage to the state.