Berat Albayrak

Turkey's budget deficit stood at 72.6 billion Turkish Liras ($14.8 billion) in 2018, meeting a year-end target under the country's new economic program, Treasury and Finance Minister Berat Albayrak said on Jan. 15.

Turkey aims to ensure a healthy, balanced and sustainable economic growth, Treasury and Finance Minister Berat Albayrak has vowed.

Minister Berat Albayrak

The Turkish Treasury will start issuing dollar- and euro-denominated bonds to individual investors on Dec. 17, Treasury and Finance Minister Berat Albayrak announced Dec. 12.

Turkish Treasury and Finance Minister Berat Albayrak has signaled a simplification in tax code, saying that no further incentives or waivers are planned.

The interest rates in Turkey will drop newt month, Treasury and Finance Minister Berat Albayrak has projected, also saying that he expected to see a "record" current account surplus for October.

Turkey has been told it will receive a waiver on the U.S. sanctions against exports of Iranian oil, Treasury and Finance Minister Berat Albayrak said on Nov. 5, as Washington re-introduced the sanctions.

Measures to be taken on parities, liquidity and foreign exchange reserves against macroeconomic risks were discussed at the first Financial Stability and Development Committee (FİKKO) meeting under the chairmanship of Treasury and Finance Minister Berat Albayrak on Nov. 1. 

Turkish Treasury and Finance Minister Berat Albayrak has unveiled a tax cuts package including six topics, aiming at full economic recovery following the currency turmoil in recent months.

Unveiling a new set of measures to fight inflation, Turkish Treasury and Finance Minister Berat Albayrak vowed an "all-out war" on inflation with the support of the private sector on Oct. 9.