Financial relations between central government and local administrations :The case of Tekirdağ Metropolitan Municipality

Due to the globalization movement, the localization movement started to accelerate. As a result of this process, some of the power and facilities owned by centralist structures have been transferred to local governments. As a result of this transfer of powers and duties, local administrations have their own financial and administrative responsibilities. In this study, the financial budget balance between the years 2014-2018 has been analyzed within the scope of the activities carried out in the financial discipline of Tekirdağ Metropolitan Municipality. When the income and expenses of the Tekirdağ Metropolitan Municipality are examined in mutual terms, it is seen that the revenues do not cover the expenses. As a result of this, they started to close the budget deficits by borrowing. This situation has put the Metropolitan Municipality under a financial burden which is very difficult to sustain. Thus, the municipality has entered into a debt cycle and has trouble to pay the debt.