Babacan says IMF 'positive' about Turkey fiscal order

Babacan has recently stated that the bill fiscal order would become a law before the parliament went on a summer recess.

Babacan says IMF 'positive' about Turkey fiscal order

Turkish State Minister & Deputy Premier Ali Babacan said that officials of the International Monetary Fund (IMF), who were currently holding talks in Turkey, had positive thoughts about fiscal order.

Babacan, who is in Brussels to attend a dialogue meeting between the candidate countries and the Economic and Financial Affairs Council (ECOFIN) of the Council of EU, assessed the latest economic developments in an interview with AA.

Commenting on the IMF delegation's talks in Turkey, Babacan said general macroeconomic developments, potential effects of the developments in global and European economy on Turkish economy, economic growth, inflation, employment, budget, financial sector and Central Bank's monetary policy had been discussed during the meetings held so far.

Regarding the delegation's comments on the fiscal order, Babacan said IMF officials thought the fiscal order consisted of accurate parameters.

"We expect the IMF delegation to complete its studies until the end of the month," he also said.

Noting that Turkey's 2010 budget had been prepared cautiously, Babacan said the year-end budgetary targets would be achieved.

Pointing to Turkey's close economic relationship with the EU, Babacan said the country's growth rate would depend on the union's growth speed in a certain aspect this year.

Babacan also said that inflation and current account deficit were two indicators showing there was a quick recovery in Turkey.

"Fiscal order"

The fiscal order draft law, prepared with contributions from academicians and finance units, is expected to ease the public sector's pressure over economy, provide the private sector with more number of resources and to give a more established and predictable structure to the economy.

Given its final shape during last week's Economy Coordination Board meeting, the bill is now ready to be presented to the Prime Ministry and then to the parliament.

Babacan has recently stated that the bill fiscal order would become a law before the parliament went on a summer recess.


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Last Mod: 18 Mayıs 2010, 12:54
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