Turkish govt pledges 'permanent solution' over current account deficit

Turkish government has expressed resolve that it would make necessary structural reforms to find "a permanent solution" to the problem of current account deficit.

Turkish govt pledges 'permanent solution' over current account deficit

Turkish government has expressed resolve that it would make necessary structural reforms to find "a permanent solution" to the problem of current account deficit.

In a statement released Tuesday after a three and a half hour meeting headed by Prime Minister Recep Tayyip Erdogan and participated by a number cabinet members, the government said the meeting discussed latest negative developments in advanced economies of the world and their possible effects on Turkey's economy.

"Recent developments are not expected to make long term, permanent negative impacts on Turkey's economy and financial markets given our country's strong political stability and resilient macro economic foundations," the statement said.

The statement said all government authorities in charge of economy kept a close eye on economic developments with contingency scenarios in place.

The government also expressed commitment to maintain and strengthen fiscal discipline, to improve environment for investments, take measures to boost employment, to fight unregistered economy and reduce foreign dependency in energy.

AA

Last Mod: 10 Ağustos 2011, 14:09
Add Comment