Mon. Oct 7th, 2024

Finance Minister Mehmet Şimşek Emphasizes Fiscal Discipline in Key Economic Policy Announcements

By Haberyaz Aug15,2024

Finance Minister Mehmet Şimşek Emphasizes Fiscal Discipline in Key Economic Policy Announcements

Finance Minister Mehmet Şimşek made significant statements regarding economic policies during a press conference held yesterday, highlighting the government’s commitment to maintaining fiscal discipline.

Addressing the importance of budgetary discipline to sustain economic growth, Şimşek said, “We will continue to implement fiscal discipline without compromise to ensure economic stability. This is essential for sustainable growth.”

Minister Şimşek also underscored their firm stance on combating inflation. He assured that all necessary measures would be taken to reduce inflation rates and enhance the purchasing power of citizens.

Emphasizing the effective management of public expenditures, Şimşek stated, “The efficient use of public resources is critical to maintaining economic balance. Unnecessary expenditures will be curbed, and projects will be meticulously evaluated.”

Furthermore, Şimşek mentioned that they will continue reforms to boost the confidence of both domestic and foreign investors in the Turkish economy. “We are working to improve the investment climate and reduce bureaucracy. Turkey will continue to be an attractive market for investors,” he said.

Answering questions from the press after the meeting, Minister Şimşek concluded, “The foundations of the Turkish economy are strong. We will overcome the current fluctuations and protect the welfare of our people.”

These significant announcements were published by Anadolu Agency.

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