The Vice President Cevdet Yılmaz made statements on current issues during an appearance on a television channel.
Key points from Yılmaz’s comments are as follows:
“Our policies have been implemented decisively. In particular, the rating increases from international organizations and the declines in CDS show that we are in a different position. Policies are not things that will change daily. They are starting to yield results; our program is working. Our risks are decreasing.
WILL THE DECLINE IN INFLATION CONTINUE?
We have entered a process of disinflation. There has been a 23.5-point drop in inflation over three months. As long as the direction is correct and clear, if you can see the trend, trust in the program is reinforced. There will be criticisms, and we respect that.
When evaluating fiscal policies, we must not overlook the impact of the earthquake. An earthquake affecting 14 million people has led us to allocate 2.5 trillion lira in resources to it over two years. We are constructing 450,000 housing units.
Infrastructure, roads, and tunnels have been damaged. You are building schools and hospitals in new residential areas. When we look at all this, it is significant enough to affect large developed economies.
WILL DIESEL SUPPORT BE PROVIDED?
We are operating with serious fiscal discipline. We do not compromise on discipline in fiscal policies. Efficiency is very important; we have prioritized irrigation projects. There have been misinformation claims that farmers will not receive diesel support. On the contrary, we see agriculture as a strategic sector. We will approach this in a more planned way.
WILL DIRECT INVESTMENTS INCREASE?
A new settlement arrangement is forming in the industry. We are talking about a country at the crossroads of three continents with logistical advantages and a young population. We expect investments to accelerate in the upcoming period.
Turkey has reached a point where it attracts 1% of global investments. Commodity prices have decreased in our favor, especially regarding oil.
It is following a moderate course; our largest markets are the EU and MENA. We expect relative growth to increase in these regions as well.
Turkey is moving towards a positive environment by 2025. We anticipate an increase in direct investments.
We have 5.5 billion dollars in defense industry exports. We sell products to the world that they do not provide us with money for. True independence comes from your technological strength.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
