Şimşek

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.

Finance Minister Mehmet Şimşek has ruled out scenarios regarding the real depreciation of the Turkish Lira after the upcoming local elections.

"We do not have an exchange rate target. We are implementing a policy set which makes the lira attractive," Şimşek said in a televised interview on March 4.

Treasury and Finance Minister Mehmet Şimşek has met with U.S. Treasury Secretary Janet Yellen on the sidelines of the G20 finance ministers and central bank governors' summit in Brazil.

"I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues," Yellen wrote on the social media platform X.

Rule-based and predictable economic policies will continue after the upcoming elections, Treasury and Finance Minister Mehmet Şimşek has reiterated.

"We have clearly laid out the policies we will implement in our medium-term program," the minister wrote on the social media platform X on Feb. 27.