Finance Minister Mehmet Şimşek Highlights Temporary Increase in Foreign Trade Deficit and Annual Improvement
Finance Minister Mehmet Şimşek has announced that the foreign trade deficit temporarily increased in June due to calendar effects, but the annual deficit decreased by $31 billion compared to the same period last year.
Speaking on the importance of foreign balance adjustments, Şimşek emphasized that significant improvements are expected this year. He highlighted the essential roles of energy transformation and new industrial policies for making these improvements permanent. Additionally, Şimşek set a target to sustainably reduce the current account deficit to below 2.5% of the gross domestic product.
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