Turkey's Finance Minister Simsek says spending discipline will be maintained
Tweet
Share
E-mail
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed should raise rates to restrain growth and inflation, Hammack says
- Bomb kills Russian military officer in Crimea; reports name him as defector from Ukraine
- US weekly jobless claims increase moderately, point to stable labor market
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
