Turkey says to achieve budget deficit goal of 4.9 pct to GDP

Turkish Economy Minister said the country would achieve a budget deficit goal of 4.9 percent to GDP this year.

Turkey says to achieve budget deficit goal of 4.9 pct to GDP

 

Turkish Economy Minister Ali Babacan on Wednesday said the country would achieve a budget deficit goal of 4.9 percent to GDP this year as planned in a medium term economic roadmap.

"By the end of year, budget deficit will drop to figures we have targeted in our Medium Term Programme," Babacan told reporters in a joint press appearance with the OECD secretary-general, Angel Gurria, in Ankara.

Babacan said he expected year-end account deficit to stand at 5 percent and he put the GDP-to-debt ratio at 43 or 44 percent.

The Turkish minister said Turkey had achieved a remarkable success in controlling jobless rates when compared to other countries according to figures of the OECD and Turkey's own statistics authority, however, adding that the country "had a lot to do to create more jobs and reduce jobless rates."

An OECD report on global unemployment figures said Turkey's jobless rate dropped 2.4 percent last April over a year earlier despite a trend of increase by an average of 0.6 percent globally.

The rise in unemployment was 0.9 percent in the European Union and it was 1 percent in the United States.
 

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Last Mod: 15 Eylül 2010, 17:47
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