Turkey aims to ensure a healthy, balanced and sustainable economic growth, Treasury and Finance Minister Berat Albayrak has vowed.
“We gained significant momentum in the rebalancing process, we reached a normalization process in financial markets thanks to our timely measures,” Albayrak said on Jan. 9.
Addressing an Independent Industrialists’ and Businessmen’s Association (MÜSİAD) meeting in the capital Ankara, Albayrak stated that the Turkish Lira gained 20 percent value against foreign currencies since August last year.
“Turkey’s economy is gearing up in its region day by day with its strong infrastructure,” Albayrak stressed.
“Our priority is to fight against fragilities in our economy,” he added.
Turkey will stand firm on targets of the new economic program unveiled in September, Albayrak stressed.
He said the government will remain committed to budget discipline.
Albayrak also elaborated on the decision to hold an extraordinary general assembly meeting for the Central Bank in January to transfer its profit to the Treasury. Typically, the CentralBank transfers the Treasury’s share from profit in April. However, the bank recently announced that its general assembly will convene on Jan. 18.
“The reason for this move is clear. We had previously estimated the profit to be transferred to the Treasury at around 20 billion Turkish Liras [$3.6 billion]. However, it emerged that the figure would be at around 37 billion liras. This is much higher than we had projected in the budget,” he said.