{"id":1737,"date":"2026-02-18T00:00:35","date_gmt":"2026-02-17T21:00:35","guid":{"rendered":"https:\/\/sunpress4.com\/index.php\/2026\/02\/18\/hazine-ve-maliye-bakanligindan-faiz-odemelerine-iliskin-aciklama\/"},"modified":"2026-02-18T00:00:36","modified_gmt":"2026-02-17T21:00:36","slug":"hazine-ve-maliye-bakanligindan-faiz-odemelerine-iliskin-aciklama","status":"publish","type":"post","link":"https:\/\/sunpress4.com\/index.php\/2026\/02\/18\/hazine-ve-maliye-bakanligindan-faiz-odemelerine-iliskin-aciklama\/","title":{"rendered":"Hazine ve Maliye Bakanl\u0131\u011f\u0131’ndan faiz \u00f6demelerine ili\u015fkin a\u00e7\u0131klama"},"content":{"rendered":"

Bakanl\u0131ktan Ocak Ay\u0131 Faiz \u00d6demelerine Dair Kapsaml\u0131 A\u00e7\u0131klama: Neden Y\u00fcksek G\u00f6z\u00fckt\u00fc?<\/h1>\n

Hazine ve Maliye Bakanl\u0131\u011f\u0131, kamuoyunda merak uyand\u0131ran Ocak ay\u0131 faiz \u00f6demelerine ili\u015fkin \u00f6nemli bir bilgilendirme yapt\u0131. A\u00e7\u0131klamada, y\u00fcksek g\u00f6r\u00fcnen faiz \u00f6demelerinin mevcut bor\u00e7lanma maliyetlerindeki ani bir art\u0131\u015ftan veya g\u00fcncel faiz politikalar\u0131ndan kaynaklanmad\u0131\u011f\u0131 net bir \u015fekilde ifade edildi.<\/p>\n

Bakanl\u0131k taraf\u0131ndan yap\u0131lan detayl\u0131 de\u011ferlendirmede, Ocak ay\u0131nda ger\u00e7ekle\u015fen faiz \u00f6demesinin %53’\u00fcn\u00fcn, yakla\u015f\u0131k 10 y\u0131l \u00f6nce ihra\u00e7 edilen T\u00fcketici Fiyat Endeksi’ne (T\u00dcFE) endeksli Devlet \u0130\u00e7 Bor\u00e7lanma Senetlerinin (D\u0130BS) vadesinde \u00f6denen enflasyon fark\u0131ndan olu\u015ftu\u011fu belirtildi. Bu durum, kamuoyundaki yanl\u0131\u015f alg\u0131lar\u0131 d\u00fczeltmeyi hedefliyor.<\/p>\n

Ge\u00e7mi\u015f Enflasyon Dinamiklerinin B\u00fct\u00e7eye Yans\u0131mas\u0131<\/h2>\n

A\u00e7\u0131klamada, T\u00dcFE’ye endeksli devlet i\u00e7 bor\u00e7lanma senetlerinin \u00e7al\u0131\u015fma prensibi \u00fczerinde duruldu. Bu senetlerin, d\u00fc\u015f\u00fck kupon oranlar\u0131na sahip olmas\u0131na kar\u015f\u0131n, y\u0131llar i\u00e7inde ger\u00e7ekle\u015fen enflasyon oran\u0131n\u0131n anaparaya eklenerek birikti\u011fi ve vade sonunda toplu olarak \u00f6dendi\u011fi hat\u0131rlat\u0131ld\u0131.<\/p>\n

Bakanl\u0131k, bu \u00f6zellik nedeniyle y\u00fcksek enflasyon d\u00f6nemlerinde vadesi gelen T\u00dcFE’ye endeksli senetlere ili\u015fkin \u00f6demelerin ge\u00e7ici olarak y\u00fcksek g\u00f6r\u00fcnmesinin do\u011fal bir sonu\u00e7 oldu\u011funu vurgulad\u0131. Dolay\u0131s\u0131yla, Ocak ay\u0131ndaki faiz art\u0131\u015f\u0131n\u0131n, mevcut faiz oranlar\u0131nda ani bir y\u00fckseli\u015fi de\u011fil, ge\u00e7mi\u015f d\u00f6nemdeki enflasyon dinamiklerinin vade yap\u0131s\u0131 \u00fczerinden b\u00fct\u00e7eye yans\u0131mas\u0131n\u0131 i\u015faret etti\u011fi belirtildi.<\/p>\n

Son y\u0131llarda ya\u015fanan y\u00fcksek enflasyon ortam\u0131n\u0131n, T\u00dcFE’ye endeksli bor\u00e7lanma ara\u00e7lar\u0131na ili\u015fkin faiz \u00f6demelerinde ge\u00e7ici bir art\u0131\u015f\u0131 beraberinde getirdi\u011fi ifade edildi. Ancak bu art\u0131\u015f\u0131n, yap\u0131sal bir faiz y\u00fck\u00fc de\u011fi\u015fiminden ziyade, ge\u00e7mi\u015fte biriken enflasyonun teknik ve muhasebesel bir yans\u0131mas\u0131 oldu\u011fu alt\u0131 \u00e7izildi.<\/p>\n

Faiz Giderlerinde Hedef: 2026’da Milli Gelirin Y\u00fczde 3,5’ine Gerileme<\/h2>\n

Bakanl\u0131k, dezenflasyon s\u00fcrecindeki kazan\u0131mlar\u0131n belirginle\u015fmesiyle birlikte faiz \u00f6demelerinin daha dengeli ve \u00f6ng\u00f6r\u00fclebilir seviyelere d\u00f6nmesinin beklendi\u011fine dikkat \u00e7ekti. Gelece\u011fe y\u00f6nelik g\u00f6stergelerin, faiz y\u00fck\u00fcnde kal\u0131c\u0131 bir bozulmaya i\u015faret etmedi\u011fi belirtildi.<\/p>\n

Orta Vadeli Program (OVP) hedefleri do\u011frultusunda, faiz giderlerinin milli gelire oran\u0131n\u0131n 2002-2025 d\u00f6nemindeki ortalama y\u00fczde 4,4 seviyesinden 2026 y\u0131l\u0131nda y\u00fczde 3,5’e, OVP d\u00f6nemi sonunda ise y\u00fczde 3,3’e d\u00fc\u015fmesi \u00f6ng\u00f6r\u00fcl\u00fcyor. Benzer \u015fekilde, faiz harcamalar\u0131n\u0131n vergi gelirlerine oran\u0131 2002-2025 ortalamas\u0131 y\u00fczde 25,9 iken, 2026’da y\u00fczde 19,9’a, OVP sonunda ise y\u00fczde 18,3’e gerilemesi bekleniyor.<\/p>\n

Merkezi y\u00f6netim toplam harcamalar\u0131ndaki faiz pay\u0131n\u0131n da d\u00fc\u015f\u00fc\u015f trendinde oldu\u011fu belirtildi. 2002-2025 ortalamas\u0131 y\u00fczde 17,7 olan bu oran\u0131n, 2026’da y\u00fczde 14,5’e, OVP d\u00f6nemi sonunda ise y\u00fczde 13,9’a gerileyece\u011fi tahmin ediliyor.<\/p>\n

Kamu bor\u00e7lanma stratejisinin, piyasa ko\u015fullar\u0131, makroekonomik g\u00f6r\u00fcn\u00fcm ve risk unsurlar\u0131 g\u00f6z \u00f6n\u00fcnde bulundurularak ihtiyatl\u0131, \u00f6ng\u00f6r\u00fclebilir ve s\u00fcrd\u00fcr\u00fclebilir bir \u00e7er\u00e7evede y\u00fcr\u00fct\u00fclmeye devam etti\u011fi vurguland\u0131. Bu kapsamda, program d\u00f6neminde 10 y\u0131l vadeli T\u00dcFE’ye endeksli tahvil ihra\u00e7lar\u0131 kademeli olarak azalt\u0131lm\u0131\u015f ve 2024 y\u0131l\u0131 itibar\u0131yla bu t\u00fcr senetlerin ihrac\u0131na tamamen son verildi\u011fi bilgisi payla\u015f\u0131ld\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bakanl\u0131ktan Ocak Ay\u0131 Faiz \u00d6demelerine Dair Kapsaml\u0131 A\u00e7\u0131klama: Neden Y\u00fcksek G\u00f6z\u00fckt\u00fc? Hazine ve Maliye Bakanl\u0131\u011f\u0131, kamuoyunda merak uyand\u0131ran Ocak ay\u0131 faiz \u00f6demelerine ili\u015fkin \u00f6nemli bir bilgilendirme yapt\u0131. A\u00e7\u0131klamada, y\u00fcksek g\u00f6r\u00fcnen faiz \u00f6demelerinin mevcut bor\u00e7lanma maliyetlerindeki ani bir art\u0131\u015ftan veya g\u00fcncel faiz politikalar\u0131ndan kaynaklanmad\u0131\u011f\u0131 net bir \u015fekilde ifade edildi. Bakanl\u0131k taraf\u0131ndan yap\u0131lan detayl\u0131 de\u011ferlendirmede, Ocak ay\u0131nda […]<\/p>\n","protected":false},"author":0,"featured_media":1738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/posts\/1737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/comments?post=1737"}],"version-history":[{"count":1,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/posts\/1737\/revisions"}],"predecessor-version":[{"id":1739,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/posts\/1737\/revisions\/1739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/media\/1738"}],"wp:attachment":[{"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/media?parent=1737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/categories?post=1737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunpress4.com\/index.php\/wp-json\/wp\/v2\/tags?post=1737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}