A New Reform Package Forms the Features of the Turkish Economic Plan

Turkish Finance and Treasury Minister Berat Albayrak has announced a package of new structural reforms focusing on the financial sector, tackling inflation and reviving tourism

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2019-04-11 Last update 2020-01-29

Turkish Finance and Treasury Minister Berat Albayrak has announced a package of new structural reforms focusing on the financial sector, tackling inflation and reviving tourism.

This was during a press conference held by the minister on Wednesday in Istanbul.

"The financial sector is within the scope of our reforms, and the banking sector will be the first," said the minister.

He stressed that they aim at the first step of reforms to strengthen the capital of state banks.

The Minister indicated that they intend to take steps in the real economy sector in order to ensure better functioning of the financial sector.

He pointed out that the project of national unity in agriculture will be the most important step in tackling inflation in the food sector.

He also said: We will reduce exemptions and exceptions in the new tax system, and we will gradually reduce the taxes of institutions.

Billions of dollars of Tourism revenues

"We will prepare a general logistics plan through the sovereign fund to make our country a regional logistics center in international trade," he said.

He also explained that his country aims to receive 70 million tourists and get seventy billion dollars from the tourism sector in four years through a general plan.

During the first quarter of this year, Turkey had exports worth more than $ 44 billion, the highest figure in Turkey's history.

Edited: Imtilak Real Estate ©

Source: Al Jazeera Net

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