9/22/2010

Finance Minister: Turkey has spending room as it beats budget goal

Bloomberg - Backed by record economic growth, the Turkish government may have room to accelerate spending without breaching the target for the budget deficit, said the country’s Finance Minister Mehmet Simsek. Turkey’s economic rebound has outpaced government projections, Simsek said in an interview in Istanbul on September 17. That may allow Turkey to invest more in developing its infrastructure, he said. “The targets are within reach, so we’ll deliver on that”, said Simsek. “But if we have some extra room, and if there are some reasonable demands that would ultimately help boost productive capacity, then probably they will be accommodated.” Turkey’s economy grew at a rate of more than 10 percent in the first two quarters.
turkey; Turkish economy; economic growth; economic rebound; budget deficit; Mehmet simsek