The first statements of the new Turkish Finance Minister Mehmet Şimşek have positively affected financial market participants and the new economic policy may strengthen the national currency against the dollar. In this respect writer world newspaper.
Shimshek’s statement that transparency, consistency, predictability and compliance with international norms will be the main principles in achieving the goal of increasing social welfare was perceived as “positive” by market participants.
According to the publication, changes in the economy may positively affect the lira against the dollar in the short term. But the duration of positive changes will depend on how intensively new steps are taken.
According to the authors of the article, Shimshek is one of the country’s strongest professionals in the field of economics.
21 May newspaper Sözcü WroteDrawing attention to the fact that Turkey’s 2024 budget can be calculated with a deficit of 100 billion dollars, it was noted in the publication that deputies will discuss the budget after the presidential elections during the summer. They face a difficult task – to take into account both all the pre-election promises of the current authorities, some of which are starting to be implemented, as well as new spending.