Turkey submits 2015 budget to parliament

Highest share of Turkey's 2015 budget has been reserved for education as it was in 2014's budget

Turkey submits 2015 budget to parliament

World Bulletin/News Desk

The Turkish finance ministry submitted the budget for 2015 to the parliament Thursday.

The budget will now be debated in the parliament's planning and budget commission next week. The debate is expected to last at least two weeks.

The budget will also be debated in the general assembly at the beginning of December, where a heated exchange is expected before it gets the final approval from the parliament.

Turkey will allocate 87.5 billion Turkish lira for education and 87.5 billion Turkish lira for health spending, Minister of Finance Mehmet Simek had said earlier Wednesday.

The budget spending will be 520.4 billion Turkish lira, budget income 499.5 billion Turkish lira and budget deficit 21 billion Turkish lira, Simsek added.

The growth rate of Turkey's GDP will be four percent in 2015, while the expected Consumer Price Index will be 6.3 percent by 2015 end.

Turkish exports will also reach 391 billion Turkish lira and imports 583 billion Turkish lira in 2015, according to the budget figures.


Güncelleme Tarihi: 16 Ekim 2014, 15:22