COVID-19 SUBVANTIONS AND POLICIES OF TURKEY AND G-20 COUNTRIES

Abstract

It has manifested itself in our country after the impact of the corona virus all over the world since March 2020. The transformation of the disease into a pandemic, especially by the world health organization, caused restrictions in social life and business life globally. These restrictions, especially the closure of service businesses, curfews, caused companies to suffer serious financial difficulties. Many incentive applications have been announced by the public in order to recover the market and relax businesses. The most important support in these incentive packages was multiple financial incentives by public banks, such as deferring loan debts, increasing card usage limits, and lowering interest rates. In this study, the effects of the financial incentive system determined in line with the financial difficulties experienced by the enterprises and workers the ways in which companies benefit from the incentive system and the problems in incentives and solutions are discussed. Policies of Turkey and G-20 countries’ will be examined in this research and will be compared with the amount of government supports before COVID-19. In need, it seems that most of the countries had success with fighting COVID-19 by implementing regualitons faster as it was possible.