Turkey's PM defends new budget as a way out of global crisis

The Turkish prime minister said that the government had prepared the new budget as a way out of global crisis.

Turkey's PM defends new budget as a way out of global crisis

The Turkish prime minister said on Sunday that the government had prepared the new budget as a way out of global crisis.

Turkey's Premier Recep Tayyip Erdogan said that his government had prepared the budget of 2010 as a budget to come out of the global crisis.

"The parliament passed the budget of 2010 on Friday," Erdogan said during a regular general assembly of the Foreign Economic Relations Board (DEIK) in Istanbul.

Erdogan also said the new budget was a socially-strong budget, like the previous seven budgets.

The Turkish prime minister forecast growth as of 2010.

Erdogan said that even the strongest economies had stagnated and growth figures had dropped in 2009 due to the global crisis.

"The growth process will begin as of 2010," Erdogan told the regular general assembly.

Erdogan said the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) projected a growth around 3.7 percent for Turkey in 2010.

"Other financial organizations forecast a growth figure around 3.8 and 5.5 percent for Turkey, and we foresee a growth figure around 3.5 percent in our medium-term program," he said.

Erdogan also said the global crisis naturally affected growth figures, exports and unemployment, but it did not have so serious impact on Turkey.

The Turkish Parliament approved the governmental budget for the year 2010 in a session held on Friday.

The budgetary expenses for 2010 were listed as 286.9 billion liras (approx. 190 billion USD) while budgetary income was estimated as 236.7 billion liras (approx. 156.7 billion USD). The budget deficit for 2010 was listed as 50.1 billion liras (approx. 33.1 billion USD).


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Last Mod: 27 Aralık 2009, 16:46
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