Data Requirements for National Policy Needs in Turkish Economy Ertan APAYDIN MINISTRY of DEVELOPMENT General Directorate of Annual Programs and Conjunctural Evaluations General Directorate of Annual Programs and Conjunctural Evaluations Contents • Main Administrative Bodies in the Economy, • Main Policy Documents, • Statistics used in Policy Documents by theme, • Data Requirements for National Policy Needs in Turkish Economy. General Directorate of Annual Programs and Conjunctural Evaluations Main Administrative Bodies in the Economy and Policy Documents General Directorate of Annual Programs and Conjunctural Evaluations General Directorate of Annual Programs and Conjunctural Evaluations Main Administrative Bodies Main Bodies for Economic Policy Making and Coordination Economic Coordination Council High Planning Council Money, Credit and Coordination Council Chairman: Deputy Prime Minister Chairman: Prime Minister Chairman: Deputy Prime Minister -Minister of Finance, -Minister of Science, Industry and Trade -Minister of Energy and National Resources, -Minister of Development, -Deputy Prime Minister -Minister of Finance -Minister of Economy -Governor of CBRT -Undersecretaries of MoD, MoF, MoE -Minister of Economy, -Minister of Finance -Minister of Science, Industry and Trade -Minister of Energy and National Resources, -Minister of Development, -Minister of Economy, General Directorate of Annual Programs and Conjunctural Evaluations Economic and Social Council Representatives of -Public Institutions -Employers -Workers -Chambers of Occupation -And other Civilian Society Organizations Main Policy Documents 5 General Directorate of Annual Programs and Conjunctural Evaluations Development Plan/Long Term Strategy Medium Term Program Medium Term Fiscal Plan SSectoral-Thematic SStrategies IInstitutional SStrategic Plans Annual Program BUDGET NNational Program PPre-Accession Economic Pr. General Directorate of Annual Programs and Conjunctural Evaluations Investment Program Tenth Development Plan (2014-2018) - Five-year documents (non rolling), - Five-year macroeconomic policies and targets, - Guides all macroeconomic, sectoral and regional policies and implementations, - Sets the general framework of economic, social and regional indicative targets, - Based on findings of the committees formed by representatives of universities, public institutions, private sector and NGO’s, - Prepared by MoD; approved by the Parliament. General Directorate of Annual Programs and Conjunctural Evaluations General Directorate of Annual Programs and Conjunctural Evaluations Tenth Development Plan 2012 2013 Main Economic Indicators GDP Growth (%) GDP (Billions of Dollar) GDP Per Capita (Dollar) CPI (12 Monthly Changes) 2,2 786,3 10.504 6,2 4,0 850,5 11.183 5,3 2018 2014-2018 5,9 1.285,5 15.996 4,5 5,5 8,6 7,4 4,8 6,3 3,0 1,2 5,7 2,9 1,1 Production Factors (%) Capital Stock Employment Total Factor Productivity 5,6 2,9 -1,1 5,2 4,2 -0,5 Labor Market Labor Force Participation Rate Employment (Millions of Persons) Employment Rate (%) Unemployment Rate (%) 50,0 51,1 53,8 52,6 24,8 25,9 29,9 2,9 45,4 9,2 46,4 9,2 49,9 7,2 48,2 8,2 General Directorate of Annual Programs and Conjunctural Evaluations MEDIUM TERM PROGRAM (MTP) (Law No. 5018 / Art.16) - Sets priorities, macroeconomic policies, targets and projections, - 3-year documents (yearly rolling), - Program based approach, - Covers all public sector institutions, - Consistent with the Development Plan, - Prepared by MoD with the collaboration of MoF, Treasury and CBRT in the light of views of public institutions and NGO’s, - Approved by the Council of Ministers. General Directorate of Annual Programs and Conjunctural Evaluations MEDIUM TERM FISCAL PLAN (MTFP) (Law No. 5018 / Art.16) - Institutional budget appropriation proposal - ceilings , 3-year documents (yearly rolling), Based on Medium Term Program, Prepared by MoF with the collaboration of MoD and Treasury, Approved by the High Planning Council. General Directorate of Annual Programs and Conjunctural Evaluations ANNUAL PROGRAM - Sets measures to implement the policies, - Institutional responsibilities and timetable, - Prepared by MoD, - Approved by the Council of Ministers. General Directorate of Annual Programs and Conjunctural Evaluations BUDGET - Rules regarding the implementation, - Appropriations, - Revenue estimations, - Approved by the Parliament. 13 General Directorate of Annual Programs and Conjunctural Evaluations PUBLIC INVESTMENT PROGRAM - Project based distribution of investment - appropriations, Institutional distribution of investment appropriations, Covers whole public sector, Indicates the total cost of all projects, as well as individual projects, Indicates the total amount appropriated up to present of all projects. General Directorate of Annual Programs and Conjunctural Evaluations Utilised and Required Statistics in National level General Directorate of Annual Programs and Conjunctural Evaluations General Directorate of Annual Programs and Conjunctural Evaluations Statistics Used in Policy Documents by Theme(1) Development Plan MTP Annual Program PEP National Accounts Foreign Trade and Factors Affecting the Foreign Trade Balance of Payment Public Balances Inflation, Price Statistics includes Agricultural Crop Prices Employment, Unemployment and Wages Population, Demography, Poverty Statistics Banking Sector Statistics (by BRSA) and Selected Monetary Aggregates and Items in Central Bank Balance Sheet ICT Indicators 16 General Directorate of Annual Programs and Conjunctural Evaluations Statistics Used in Policy Documents by Theme(2) Development Plan MTP Annual Program PEP World Economic Indicators, Competitiveness Ranking, Business Climate Indicators, Patent Statistics Purchasing Power Parity Public Investment Debt Stock Sectoral Detailed Statistics Education and Health Statistics Turkey’s Official Development Assistance Judicial Statistics Regional Statistics Social Assistance Expenditures 17 General Directorate of Annual Programs and Conjunctural Evaluations WHAT WE NEED?(1) 1. 2. 3. 4. 5. 6. 7. 8. The Supply-Use and Input-Output Tables Of The Turkish Economy (1973, 1979, 1985,1990,1998,2002) No data since 2002 Gross Domestic Product by Income Approach, No data since 2006 GNDI,Public and private sector disposable income, MoD statistics Public and private sector saving rates, MoD statistics A decomposition of private saving by households and by firms, Sectoral breakdown of private sector investments. MoD statistics-10 sectors Greenfield FDI statistics, Sectoral breakdown of private sector capital stock. 18 General Directorate of Annual Programs and Conjunctural Evaluations WHAT WE NEED?(2) 9. More detailed statistics, especially in national account and labor force statistics, 10. More Back- Casted series. 11. More Seasonal and Calendar Adjusted Statistics 12. Harmonizing statistics between different data producer institutions. 13. Because of data privacy policy, policy makers can not reach some statistics. 19 General Directorate of Annual Programs and Conjunctural Evaluations THANK YOU General Directorate of Annual Programs and Conjunctural Evaluations General Directorate of Annual Programs and Conjunctural Evaluations