Şimşek

Türkiye has a credible, robust program to bring inflation down, Finance Minister Mehmet Şimşek said, stressing that the monetary policy course correction "is largely done."

Turkish Finance Minister Mehmet Şimşek has reiterated that the country is aiming for better ties with the European Union, stressing the process will benefit both sides.

Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek have unveiled savings measures package aimed at increasing efficiency in the public sector.

The measures have three main pillars: Public savings, discipline in the budget spending and efficiency in public investments, Şimşek said at a press conference in Ankara.

A series of measures designed to boost public savings will be announced on May 13, Treasury and Finance Minister Mehmet Şimşek has said, without providing other details.

Şimşek has been saying for some time that the authorities have been working on steps to be taken to increase public savings.

Thanks to increased confidence and predictability, Türkiye now obtains longer-term external financing from international markets at more favorable terms compared to the past, Finance Minister Mehmet Şimşek has said.

Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said.

Treasury and Finance Minister Mehmet Şimşek has said they will continue to support the Central Bank's fight against inflation with fiscal policy.

The economic program aims to restore price stability and fiscal discipline while addressing macroeconomic challenges, such as reducing the current account deficit, Şimşek stressed.

The World Bank has increased its support for Türkiye from $17 billion to $35 billion, providing an additional $18 billion of resources for the next three years, Treasury and Finance Minister Mehmet Şimşek has said.

The government will take decisive steps regarding expenditure control in the public sector, Treasury and Finance Minister Mehmet Şimşek told ministers and senior members of the ruling Justice and Development Party (AKP), daily Hürriyet has reported.

The recent volatility in the FX market should be viewed as temporary, Treasury and Finance Minister Mehmet Şimşek has said, vowing to maintain "sound" policies.

"The Central Bank is committed to anchoring inflation expectations using all the tools at its disposal. We will continue to tighten fiscal policy to help the Central Bank reduce inflation," Şimşek wrote on X on March 11.