Turkey's PM defends 2011 budget in parliament

The Turkish PM said that Turkey's 2011 budget had a "certain social sensitivity", besides, it protected the disadvantaged groups living in the country.

Turkey's PM defends 2011 budget in parliament


The Turkish prime minister said on Monday that Turkey's 2011 budget had a "certain social sensitivity", besides, it protected the disadvantaged groups living in the country.

Delivering a speech during the parliamentary debates over next year's budget, Turkish Prime Minister Recep Tayyip Erdogan said the 2011 budget would support production, investments, trade and exports, moreover, it would take into consideration the needs of laborers, tradesmen, civil servants, farmers, retirees, students, investors and industrialists.

"It is a budget that does not display a pre-electoral populism despite the general elections to be held in June 2011," Erdogan said.

The prime minister also noted that Turkey's fiscal discipline had not changed and the markets' reliability had not been shaken during any election term since 2002.

"Although 7 months are left until the election day, confidence in Turkey's economy continues," he said.

Pointing out to Turkey's strong position in international arena, Erdogan said that Turkey, which had been a taker in the past, had now become a country that provided help and support to other countries.

"The annual average of Turkey's official development assistance to other countries in the last 4 years has exceeded 700 million USD. Turkey, together with the support of NGOs and private sector, has extended an annual average of 1.5 billion USD to those in need all over the world during such period," he said.

Erdogan also noted that total amount of the modernization projects implemented by Turkey in the last 8 years had reached 20 billion USD.

The premier said nearly 90 percent of these projects had been carried out by Turkish industry and through national means.

Erdogan said that Turkey's resistance against the global crisis had proven how a strong and healthy economy it had.

"When we look at the first three quarters of 2010, we see that Turkey has become one of the fastest growing economies in the world, besides, it is among the fastest growing economies in Europe and OECD," he said.

The premier noted that IMF had envisaged a 7.8 percent growth rate for Turkey for the year 2010, while OECD had predicted a 8.2 percent growth figure and the European Commission said the country would grow by 7.5 percent.

"We have made a more modest assessment and focused on a 6.8 percent growth rate for 2010. During the first three quarters of the year, we have recorded a 8.9 percent growth," he said.

Erdogan also noted that Turkey reduced its unemployment figures the fastest.

"I am proud to say that Turkey is a model country in the world and it continues to be a rising star in global economy," he said.


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Last Mod: 14 Aralık 2010, 15:49
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