Predictions for Turkish economy to increase by 5 percent nex...| MENAFN.COM

Wednesday, 28 September 2022 05:50 GMT

Predictions for Turkish economy to increase by 5 percent next year


(MENAFN) On Monday, Turkey’s vice president stated that the country’s economy is predicted to increase by 5 percent during the upcoming year.

Fuat Oktay said to legislators during the first day of the 2022 budget debate, "with the policy measures taken [by the Turkish government], we foresee that our economy will grow by 5% in 2022. Despite the developments in the exchange rate and the overall level of prices at the global and domestic levels, we remain committed to stabilizing the exchange rate and fighting inflation."

Oktay stressed that the nation is never going to negotiate on the financial transparency that shapes “the main backbone of accountability."

He also mentioned, "our commitment to fiscal discipline continues in the same way today as it was before. Thus, public finance will continue to be the strongest anchor of the Turkish economy."

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