(MENAFN- Trend News Agency)
Treasury and Finance Minister of Türkiye Nureddin Nebati has
stated that public finance continues to be one of the strongest
elements of the Turkish economy despite all the negative
developments in the world, and that the government has never and
will never compromise on fiscal discipline, Trend reports citing Hurriyet Daily
News .
In his presentation at the parliament during the additional
budget negotiations on June 28, Nebati stated that the budget
targets and forecasts for 2022 were determined based on the
macroeconomic outlook in the second half of 2021, but that the
rapidly rising inflation in the world, the problems in supply
chains and logistics, the record levels in commodity prices and
geopolitical tensions all over the world caused changes in the
macroeconomic outlook and assumptions in Türkiye as well. He stated
that the government had increased the revenue estimates and
appropriations in the budget by taking those developments into
account, and that an additional budget proposal that focuses on the
citizens had been prepared.
“We are going through a period in which inflation rates are
rising on a global scale, the cost of living is increasing,
financial conditions are tightening, growth is slowing down and
tensions are rising in international relations,” the minister
said.
“The Turkish economy, which is integrated into the global
economy, is naturally affected by these difficult conditions.
Especially, energy importing countries like us are exposed to cost
shocks.”
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