Fiscal policies and borrowing interaction in extraoordinary times

Throughout history, states have preferred the way of borrowing for various financial, economic and social reasons. Although the government has resorted to borrowing in order to alleviate the debt burden, finance public activities, ensure growth and development, and meet the expenses incurred in extraordinary times, this situation creates a burden on the public finances of the state. States have taken appropriate policy measures with the negative impact of the negative effects of extraordinary periods such as natural disasters, wars, epidemics and crises on public finances. The Cov-19 outbreak first appeared in China in 2019 and soon affected the world. The onset of the Cov-19 epidemic in Turkey was on March 10, 2020. With the epidemic posing a global risk, the World Health Organization (WHO) declared a worldwide pandemic on March 11, 2020. Necessary measures and policy measures againts the epidemic were taken and implemented. Fiscal policy measures implemented in extraordinary times have a great impact on public finances. In this context, the impact of the Cov-19 pandemic on public revenues, public expenditures, public borrowing and the budget has been examined.