The Turkish Treasury borrowed 8 billion Turkish liras ($1.1 billion) from domestic markets on Jan. 5, an official statement said.
www.hurriyetdailynews.com
One of the things I fear is that the state/government overspends compared to our capability to pay off our debt. In short this translates into what the people are doing to survive. Having multiple credits to survive, but never being able to pay off the debt. Until they default on their debt.
We should have a state policy of having cash/gold equivalent of 1,5% of our own GDP up to 1 trillion USD. The amount beyond that can be regulated.
There should be a death sentence without trial for government and state officials who'd try to change laws to get their hands on that money or even overspending on budgets.
Some ppl keep saying oil and gas will disappear, and what are Gulf countries going to do, well they're investing and making sure they own a lot that yields a lot, so they can just live off interest and investments.