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Turkey on positive track of fiscal discipline

Latest data shows Turkey resolutely maintains its fiscal discipline policies, says finance minister

Turkey’s January-May primary balance shows that the nation resolutely maintained its fiscal discipline policies, the treasury and finance minister said on Tuesday.

The current account deficit data released on Monday indicates that we are on the path to recovery, Lutfi Elvan said in a tweet.

Turkey will continue to back its citizens effected by the pandemic with selective support in case of necessity, he added.

The budget balance excluding interest payments primary balance registered a surplus of 73.9 billion Turkish liras ($8.6 billion) in January-May, the Treasury and Finance Ministry said earlier in the day.

Turkey’s current account balance bettered posting a deficit of some $1.71 billion in April, down by $3.58 billion from the same month last year, the Turkish Central Bank announced on Monday.

Source
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