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Clearing Major Support

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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