News 11 october — 16:38

Erdogan announces Turkey's new investment program


Turkish President Recep Tayyip Erdogan's public mandate on "Investment Program Preparations for 2019-2021 Period" was published in the Official Gazette on Tuesday, Anadolu Agency reports.

In the mandate, Erdogan said: "Turkey to implement new economic program to preserve macroeconomic stability, raise production, welfare."

Turkey's priorities are to preserve price stability while reducing inflation and to further strengthen fiscal discipline, he added.

Underscoring that Turkey's main target is save on public expenditures and to decrease inflation, the Erdogan's mandate further noted that "new projects will not be included in the 2019 Investment Program except for the compulsory cases within the scope of savings measures."

Reporting by Hamdi Celikbas and Muhammed Nuri Erdogan:Writing by Merve Aydogan

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