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Turkey Said to Plan New Fiscal Measures to Tackle Inflation (BBG)

TURKEY
Bloomberg report that Turkish officials are readying to announce a series of fiscal measures as early as Monday to cut public spending, according to people with knowledge of the matter. More from Bloomberg below:
  • "The government will introduce new fiscal measures and speed up structural reforms to strengthen the economic program, Treasury and Finance Minister Mehmet Simsek told a group of investors in Istanbul on Thursday, said the people who didn’t want to be named because the discussions were private."
  • "The government’s savings measures will include a review of expenditures, slow some public spending and reduce investments in some sectors"
  • "Price stability, strengthening fiscal position, narrowing the current account deficit and structural reforms were highlighted as the country’s priorities"
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