November 15, 2023 08:21 GMT
Budget Deficit Narrows in October; Turkey to Set Up New Green Fund
- Turkey's budget deficit narrowed to TRY95.5bln in October from a deficit of TRY129.22bln in September, according to the Turkey Ministry of Treasury and Finance.
- Turkey will set up a new green fund to finance firms on “green and innovative transformation”, Treasury and Finance Minister Simsek told told Anadolu Agency. The fund will be bound to Capital Markets Board regulations, he said, adding that a $155 million loan from the World Bank will be a resource for the fund.
- There are no more data releases left on the docket today. Inflation expectations for the next 12 months will cross on Friday.