Turkey's Finance Minister Simsek says spending discipline will be maintained
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FILE PHOTO: Turkey's Finance Minister Mehmet Simsek speaks during a meeting of Turkish Industry and Business Association (TUSIAD) in Istanbul, Turkey, July 11, 2024. REUTERS/Murad Sezer/File Photo
(Reuters) -Turkish Finance Minister Mehmet Simsek said on Tuesday the country's spending discipline will continue even with downside risks to economic growth estimates.
"I can assure you, spending discipline will be maintained," Simsek said at an event hosted by the Atlantic Council on the sidelines of the IMF/World Bank meetings in Washington.
"Spending controls are there, and we're looking to see if we could cut some non discretionary spending."
Simsek added the current account deficit is likely to be lower than the program target and inflation is likely to stay "well within" the program target band.
(Reporting by Rodrigo Campos; Editing by Chris Reese)
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