Minister Şimşek: Speculations Regarding Economic Program No Longer Find Resonance

Emphasis on Determination in the Economic Program Treasury and Finance Minister Mehmet Şimşek stated that speculations regarding the political ownership and future of the implemented economic program no longer find resonance.
Emphasizing that the program's primary priority is the fight against inflation, Şimşek noted that there has been no disruption in the disinflation process and that a significant improvement in the external balance has begun.
Growth and Macroeconomic Indicators Recalling that the Turkish economy grew by 3.2 percent last year despite the uncertainties, Minister Şimşek stated that this growth rate is reasonable in the current conjuncture.
Şimşek noted that potential decreases in energy prices would positively reflect on the disinflation process and growth, adding that the disciplined stance regarding core tax items such as VAT, Income Tax, and Corporate Tax will continue.
International Investor Interest Stating that he met with more than 800 investors in financial centers such as London, New York, and Hong Kong in January, Şimşek said that interest in Turkey has reached its highest level since 2013.
The Minister expressed that Turkey is one of the few countries in the world with a strong narrative, and its position within NATO and its role in European security also hold a strategic place in the investor perspective.
Debt and Reserve Policy Indicating that the economic management has moved from the phase of managing risks to the phase of eliminating imbalances, Şimşek drew attention to developments in fiscal discipline.
Recalling that in the past, 135 liras were borrowed for every 100 liras of debt repayment, the Minister announced that this year, 80 liras will be borrowed for every 100 liras of debt repayment.