Turkey, Turkish Cyprus forming solid budgetary discipline

Turkish Finance Minister Simsek and his Turkish Cypriot counterpart Tatar met in the Turkish capital, Ankara.

Turkey, Turkish Cyprus forming solid budgetary discipline

 

Turkish Finance Minister Mehmet Simsek and his Turkish Cypriot counterpart Ersin Tatar met on Friday in the Turkish capital, Ankara.

Speaking to reporters after the meeting, Simsek said the Turkish Republic of Northern Cyprus (TRNC) had made significant progress in establishing a solid budgetary discipline, adding that the Turkish and Turkish Cypriot finance ministries had agreed to make technical cooperation on this issue.

"We have always extended any kind of support to the TRNC in finance and other areas as well. And our support on the budgetary issues are solid," Simsek said.

Simsek said the Turkish Cypriot Revenue Administration had become a model institution in many aspects including information technology and human resources.

The Turkish finance minister said the two countries would also sign a protocol for technical cooperation in introducing electronic budgetary software in the TRNC.

Turkish Cypriot Finance Minister Tatar said on his part that the TRNC government tackled to reign in a budget that run a "huge deficit", adding that the government tried to maintain a sustainable budgetary policy.

Tatar said he expected that the TRNC could achieve a balanced budget by 2012, which he said would be "a great success."

"Our main goal is to make way for the real sector to develop in the TRNC with a view to secure economic growth, increasing employment and investment," Tatar said.

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Güncelleme Tarihi: 16 Temmuz 2010, 15:49
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