Turkey attractive country with rapid economic growth, finmin says

Turkish Finance Minister Simsek said that Turkey was an attractive country with its rapid economic growth and having a sound macro-economic basis.

Turkey attractive country with rapid economic growth, finmin says

 

Turkish Finance Minister Mehmet Simsek said that Turkey was an attractive country with its rapid economic growth and having a sound macro-economic basis.

Thus, there won't be any problem for financing current account deficit in short term, added Simsek who spoke to A.A in Girne city of Turkish Republic of Northern Cyprus (TRNC) on Thursday.

Simsek said that Turkey would be able to control current account deficit within the next 3-5 years like it happened in budget deficit.

He added that in short-term, they aimed to increase competitive power, decrease dependency on foreign sources, and direct industry towards areas such as training and research & development.

Noting that tax revenue increased over the target, Simsek said that tax revenue rose 24.7 percent in the first half of 2010, and this rise was continuing.

Simsek stressed that rise in tax revenue dropped the budget deficit.

He added that Turkey also recorded a great success in privatization.
 

AA

Last Mod: 03 Eylül 2010, 09:23
Add Comment