METHODS FOR INTEGRATION OF TREASURY REAL ESTATE TO THE ECONOMY AND AN EVALUATION OF THE CURRENT PRACTICES

Abstract

In this study, the duties and operations of the General Directorate of National Real Estate, which is one of the main service units of the Ministry of Finance, which is the organization responsible for managing the movable and immovable assets of the Treasury are outlined and the practical effects of these operations on the economy of the country are discussed. The ways in which Treasury real estate are integrated into the economy and the revenues obtained as such are examined in addition to how the economy of the country is affected from the procedures through which no income is obtained although they are within the Directorate. Employing statistical data about Treasury real estate throughout the country, which of these procedures were used and the revenues obtained as a result were examined for the period between 2010 and 2016. It has been shown that Treasury real estate are used as an incentives for investments, production, employment, and income distribution through operations they are subjected to as required by the related legislation and identified that they both generate income and contribute to the economy through transactions such as sales, leasing, allocation, establishment of easement and permission to use, free assignment, sales over the value forming the basis for duties, and exchange. It has been found that 525.468 of the 3.841.426 registered real estate units (120.243.724.712 m² of the 245.548.399.111 m² surface area) at the possession of the Treasury have been allocated. In the light of these data, it has been concluded that approximately 49% of the Treasury real estate are allocated and the remaining 51% portion are being made the subject of many types of transactions such as sales, rental, preliminary permit, establishment of easement and permission to use, construction in exchange of land, exchange, transfer, and abandonment.

Authors and Affiliations

Yeşim ALİEFENDİOĞLU, Neslihan AKSU

Keywords

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  • EP ID EP232723
  • DOI -
  • Views 117
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How To Cite

Yeşim ALİEFENDİOĞLU, Neslihan AKSU (2017). METHODS FOR INTEGRATION OF TREASURY REAL ESTATE TO THE ECONOMY AND AN EVALUATION OF THE CURRENT PRACTICES. Kastamonu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 17(3), 132-158. https://europub.co.uk./articles/-A-232723