Turkey’s 2021 Budget Promotes Stable Economic Growth: Vice President

Speaking at the presentation of the 2021 Budget to Parliament for debate, Turkey’s Vice President, Fuat Oktay stated that the prime aim of the 2021 Budget is to ensure stable and predictable steps to allow Turkey’s economy to progress in the midst of the on-going global restructuring due to COVID-19.

According to the Vice President, a key objective of the Government of Turkey is to permanently reduce inflation to low, single-digits through the implementation of the Budget initiatives. The Government also expects the unemployment rate to decline to 12.9% in 2021, with employment rising by around 1.6 million people.

The policies that have been developed in the Budget 2021 are a r...