Minister says Turkish unemployment rate 'further to fall'

Turkish Finance Minister said the decline in the unemployment rate did not come as a surprise.

Minister says Turkish unemployment rate 'further to fall'

Turkish Finance Minister Mehmet Simsek said the decline in the unemployment rate did not come as a surprise, estimating that it would continue to fall.

Turkey's statistics authority, TurkStat, announced the unemployment rate for March as 13.7% on Tuesday.

Simsek who spoke to reporters on his way out of a panel in Istanbul commented on the unemployment figures.

He said Turkish economy resumed a trend of growth, and with growth came a decline in the unemployment rate.

Simsek said their government was taking measures to take unemployment rate further down, noting that the key to creating jobs was increase in investments and growth.

"Decline in unemployment does not come as a surprise in that sense. It will continue to fall. In the months to come it will continue to fall both with the seasonality effect and the contribution of economic growth and new investments," said Simsek.

Also commenting on the budget performance of their government in May and the first five months, Simsek said spending in the government budget was under control. He said a rise in the primary budget spending could be noticed noting that this was due to high expenditure on defense and infrastructure.

Simsek said the revenues of the government rose significantly in the mean time.

"This has to do with the recovery in economy. But of course it is apparent that effectiveness of tax auditing and collection has also increased. For example, thanks to our efforts, we have 150,000 new tax payers with income from rent collections. As the Ministry of Finance we are satisfied with our performance said," Simsek.


AA

Last Mod: 15 Haziran 2010, 15:38
Add Comment