Turkey's PM addresses to nation on 2010 economy

Turkey's prime minister said on Wednesday that Turkey would end the year 2010 with a 6.8 percent growth rate.

Turkey's PM addresses to nation on 2010 economy

Turkey's prime minister said on Wednesday that Turkey would end the year 2010 with a 6.8 percent growth rate.

Premier Recep Tayyip Erdogan said international organizations had forecast Turkey's year-end growth figure to be around 8 percent.

"All these figures are clear evidence of how a robust and dynamic economy Turkey has reached," Erdogan said in his last televised address to the nation in 2010.

Erdogan said that Turkey's economy grew 6 percent in the last quarter of 2009, however this rate climbed to 11.7 percent in Q1 of 2010 and 10.3 percent in Q2 of 2010.

"This is fairly a striking growth performance when compared with bankruptcy news all around the world," Erdogan said.

Erdogan said with this achievement, Turkey had become the number one most-rapidly growing country in Europe, and the number four in the world.

Erdogan also said international rating organizations had raised Turkey's rating by two-levels, and Turkey's rating had been updated as positive in November.

Turkey also continued to increase its exports and tourism revenues, and direct investments climbed to 22 billion USD, he said.

Erdogan said Turkey's industrial production index broke all-time record in October and reached 128.9 percent.

Turkey's manufacturing industry was up 6.1 points to 75.9 percent year-on-year in November 2010, he said.

"This figure is the highest we have recorded since the global crisis, and indicates that things have started to get on the right track in industry," Erdogan said.

Erdogan said Turkey's inflation stayed at 7.3 percent in November 2010 despite adverse global conditions.

The Turkish prime minister said Turkey had not taken any debts from the International Monetary Fund (IMF), but paid back a great deal of the debts of previous governments.

"Turkey's debts to IMF was around 23.5 billion USD in 2002, but it dropped to 6 billion USD in October 2010," he said.

Erdogan also said the budget of 2011 had been prepared, taking into consideration that dynamism and determination.

Turkish parliament approved on Sunday the budget of 2011. Budget expenses in 2011 were calculated as 312.5 billion TL (approx. 202.9 billion USD) while budget revenues were calculated as 279 billion TL (approx. 181.1 billion USD).

Income from taxes in 2011 will be 232.2 billion TL (approx. 150.7 billion USD). The budget deficit in 2011 is expected to be 33.5 billion TL (approx. 21.7 billion USD).

Prime Minister Erdogan referred to planned initiatives of the government for 2011, and said the government would raise its allocations to the Social Assistance & Solidarity
Fund by 12.8 percent to 2.1 billion Turkish liras-TL (1.3 billion USD).

Erdogan said the appropriations to the education of the disabled and home care programs would rise to 3.2 billion TL (2.05 billion USD) with a 33 percent rise in 2011.

"We will raise total university appropriations to 11.5 billion TL (7.3 billion USD) with a 23 percent rise in 2011," Erdogan said.

Erdogan said the government increased allocations to the Health Ministry by 23.7 percent to 17.2 billion TL (11.02 billion USD), and family medicine appropriations to 3.3 billion TL (2.1 billion USD) with a 146.6 percent rise.

The government would raise subsidies for tradesmen and artisans to 327 million TL (209.6 billion USD) with 118 percent rise in 2011, Erdogan said.

Erdogan also said agricultural subsidies would be up 7 percent to 6 billion TL (3.8 billion USD), and the animal breeding subsidies would be up 9.4 percent to 1.2 billion TL (769 million USD) in 2011.



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Last Mod: 30 Aralık 2010, 13:05
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