THE EVOLUTION OF BUDGET BALANCE IN THE OTTOMAN EMPIRE: 1643-1918

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Budgets play an important role in the historical process in order to fulfill the functions that states have. In the Ottoman Empire, budgets were not regarded as a monetary policy tool but had aim in making accounts certain, and a record of budgets was carefully kept. In this paper, the Ottoman Empire’s Budgets revenues and expenses and budget balance between 1643 and 1918 are investigated. According to the findings of this paper, when the Ottoman Empire had strong military and political powers, budget deficit occured; however, when the Ottoman Empire had weak military and political powers, budget deficit took place. The budget deficit in particular after the 18th century increased and in the 19th century it turned out to be cronic.

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Public Finance History , Ottoman Public Finance , Ottoman Budget Balance

Afyon Kocatepe University Journal Of Economics an‎d Administrative Sciences

175

Afyon Kocatepe University Journal Of Economics an‎d Administrative Sciences