Free Trial

Elvan: Turkey Will Not Compromise Fiscal Discipline (1/2)

TURKEY

FinMin Elvan via Twitter:

  1. 2020 budget deficit will be realised as TRY 172.7bn, below target of 239.2bn (savings of 66bn)
  2. We will never compromise on fiscal discipline, except for the fight against Covid, fiscal policies will continue to be in line with anti inflationary policies
  3. we are taking permanent measures to improve the 2021 budget. Given that our target for 2021 budget deficit is 3.5% of GDP
  4. Our macroeconomic policies will ensure a balanced demand and sustainable growth
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.