16 Hrs
Source:
وكالة الأنباء القطرية
Turkish Finance Minister affirms ongoing inflation fight
Turkish Finance Minister, Mehmet Şimşek, confirmed that Turkey will continue its efforts to combat inflation despite the slowdown in its decline due to the repercussions of the war in the Middle East. He pointed out that the 2027 budget includes a 229% increase in defense spending, with the economy continuing to grow by more than 3% last year, compared to 1.5% among trading partners. He also noted that Turkey's debt ratio is approximately 90%, which is low compared to the average of 230% in developing countries, thanks to disciplined fiscal policies. Additionally, the government is preparing to implement reforms in procurement and economic governance. He emphasized that investment in the defense sector, which over the past 20 years has exceeded $100 billion in research and development projects, has become essential to confront increasing conflicts.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)