Contingent Fiscal Liabilities and the Treasury-Supported Credit Guarantee Fund

Neslihan Burgaz

Makale detayları

Contingent Fiscal Liabilities and the Treasury-Supported Credit Guarantee Fund

Yazarlar:

Neslihan Burgaz

Yayıncı:

Igdir University

Ana Başlıklar:

Kamu Ekonomisi

Dergi:

Iğdır Üniversitesi Sosyal Bilimler Dergisi Issue 39, pp.83-108

Belge Tipi:

Makale

Yayın Tarihi:

5/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342372

pISSN:

2147-5717

Anahtar kelimeler:

Özet:

 The Credit Guarantee Fund KGF operates as a mechanism to facilitate access to credit, especially to meet the financing needs of SMEs. When SMEs seek loans from banks, they are often faced with collateral requirements. However, SMEs with insufficient or problematic collateral have limited access to credit. To overcome this collateral issue, the Credit Guarantee Fund acts as a guarantor and facilitates SMEs access to bank loans. Established in 1991 in Türkiye, the Credit Guarantee Fund provides guarantees to help SMEs overcome their collateral issues. In 2009, the government began providing Treasury support to the Credit Guarantee Fund to further increase SMEs access to credit. The Treasury-supported Credit Guarantee Fund program has continued since 2009, offering more guarantees than the Funds own equity, thus contributing to solving SMEs financing problems. However, while the number of SMEs gaining access to loans has increased, so has the number of SMEs struggling to repay their debts. This has led to an increase in the Treasurys contingent liabilities and caused fiscal challenges.

 The Credit Guarantee Fund KGF operates as a mechanism to facilitate access to credit, especially to meet the financing needs of SMEs. When SMEs seek loans from banks, they are often faced with collateral requirements. However, SMEs with insufficient or problematic collateral have limited access to credit. To overcome this collateral issue, the Credit Guarantee Fund acts as a guarantor and facilitates SMEs access to bank loans. Established in 1991 in Türkiye, the Credit Guarantee Fund provides guarantees to help SMEs overcome their collateral issues. In 2009, the government began providing Treasury support to the Credit Guarantee Fund to further increase SMEs access to credit. The Treasury-supported Credit Guarantee Fund program has continued since 2009, offering more guarantees than the Funds own equity, thus contributing to solving SMEs financing problems. However, while the number of SMEs gaining access to loans has increased, so has the number of SMEs struggling to repay their debts. This has led to an increase in the Treasurys contingent liabilities and caused fiscal challenges.

 The Credit Guarantee Fund KGF operates as a mechanism to facilitate access to credit, especially to meet the financing needs of SMEs. When SMEs seek loans from banks, they are often faced with collateral requirements. However, SMEs with insufficient or problematic collateral have limited access to credit. To overcome this collateral issue, the Credit Guarantee Fund acts as a guarantor and facilitates SMEs access to bank loans. Established in 1991 in Türkiye, the Credit Guarantee Fund provides guarantees to help SMEs overcome their collateral issues. In 2009, the government began providing Treasury support to the Credit Guarantee Fund to further increase SMEs access to credit. The Treasury-supported Credit Guarantee Fund program has continued since 2009, offering more guarantees than the Funds own equity, thus contributing to solving SMEs financing problems. However, while the number of SMEs gaining access to loans has increased, so has the number of SMEs struggling to repay their debts. This has led to an increase in the Treasurys contingent liabilities and caused fiscal challenges.

 Kredi Garanti Fonu, özellikle KOBİlerin finansman ihtiyaçlarını karşılamak amacıyla kredi erişimini kolaylaştıran bir mekanizma olarak faaliyet göstermektedir. KOBİler bankalardan kredi almak istediklerinde genellikle teminat talebiyle karşılaşmaktadır. Ancak, teminat konusunda yetersiz kalan veya sıkıntı yaşayan KOBİlerin krediye ulaşma imkânları sınırlı kalmaktadır. Teminat sorununu aşmak için kurulan Kredi Garanti Fonu KOBİlere kefil olmakta ve KOBİlerin banka kredilerine erişimini kolaylaştırmaktadır. Türkiyede Kredi Garanti Fonu 1991 yılında kurulmuş olup KOBİlerin teminat sorununu aşmak için kefil olmaktadır. KOBİlerin banka kredilerine erişim imkanını daha fazla arttırmak için 2009 yılında Kredi Garanti Fonuna Hazine desteği verilmeye başlanmıştır. Hazine destekli kredi garanti fonu uygulaması 2009dan günümüze kadar devam etmektedir. Hazine destekli kredi garanti fonu uygulaması, Kredi Garanti Fonunun kendi özkaynaklarıyla sağlamış olduğu destekten daha fazla miktarda KOBİlere kefalet teminatı sunarak KOBİlerin finansman sorununun çözülmesinde katkı sağlamıştır. Ancak banka kredilerine erişim imkânı artan KOBİlerin sayısının artmasına karşılık kredi borcunu ödemekte güçlük çeken KOBİ sayısı da artmıştır. Bu durum Hazinenin koşullu yükümlülüklerini artırmış ve kamu maliyesi sorununa neden olmuştur.

Makale detayları

Contingent Fiscal Liabilities and the Treasury-Supported Credit Guarantee Fund

Yazarlar:

Neslihan Burgaz

Yayıncı:

Igdir University

Ana Başlıklar:

Kamu Ekonomisi

Dergi:

Iğdır Üniversitesi Sosyal Bilimler Dergisi Issue 39, pp.83-108

Belge Tipi:

Makale

Yayın Tarihi:

5/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342372

pISSN:

2147-5717

Contingent Fiscal Liabilities

SMEs

Treasury-supported credit guarantee fundKoşullu mali yükümlülük

KOBİ

Hazine destekli kredi garanti fonu

Sayı

Makale detayları

Contingent Fiscal Liabilities and the Treasury-Supported Credit Guarantee Fund

Yazarlar: Neslihan Burgaz

Yayıncı: Igdir University

Ana Başlıklar: Kamu Ekonomisi

Dergi: Iğdır Üniversitesi Sosyal Bilimler Dergisi Issue 39, pp.83-108

Belge Tipi: Makale

Yayın Tarihi: 5/2025

Belge Dili: Türkçe

Document ID (Org No.): 2001342372

pISSN: 2147-5717

Contingent Fiscal Liabilities

SMEs

Treasury-supported credit guarantee fundKoşullu mali yükümlülük

KOBİ

Hazine destekli kredi garanti fonu

Sayı

Yazarlar:

Neslihan Burgaz

Yayıncı:

Igdir University

Ana Başlıklar:

Kamu Ekonomisi

Dergi:

Iğdır Üniversitesi Sosyal Bilimler Dergisi Issue 39, pp.83-108

Belge Tipi:

Makale

Yayın Tarihi:

5/2025

Belge Dili:

Türkçe

Document ID (Org No.):

2001342372

pISSN:

2147-5717