Skip to content
Daily News World News Turkish Turkey

  • News
  • World
  • Finance
  • Politics
  • Real Estate
  • Sports
  • Technology
  • Entertainment
Türkiye aims to reduce current account gap | News
Politics

Türkiye aims to reduce current account gap | News

April 6, 2024 admin-dominor


Türkiye aims to reduce the current account deficit, even below its medium-term-program target of $34.7 billion, in 2024, the country’s treasury and finance minister said on Friday.

Mehmet Simsek said on X that the gap narrowed by $14.3 billion during the first quarter of 2024, and Türkiye will accumulate its reserves by decreasing the current account deficit to GDP ratio to below 2.5%.

“With the contribution of the rebalancing in growth, the declining current account deficit and our need for foreign exchange and the increasing inflow of external resources strengthen our macro financial stability,” he added.

Türkiye’s exports rose by 4.1% to $22.58 billion in March, and amounted to $63.7 billion.

The export-import coverage ratio was 75% in March, improving by 1.3% versus the same month last year.



Source link

  • More than 150 rescued from floods in eastern Australia
  • Discover future-ready strategies for staff and tech evolution with Sand Technologies | TechCrunch

You May Also Like

Turkey says Ankara bomb attackers came from Syria

Turkey says Ankara bomb attackers came from Syria

October 4, 2023 admin-dominor
Russia Inc. Booms in Turkey With Surge in Newly Opened Firms

Russia Inc. Booms in Turkey With Surge in Newly Opened Firms

March 20, 2023 admin-dominor
Erdogan says Turkey and Elon Musk could work together on tech

Erdogan says Turkey and Elon Musk could work together on tech

November 14, 2024 admin-dominor

Real Estate

Real Estate

The Benefits of Learning a Second Language

August 14, 2025 admin-dominor

In today's interconnected world, learning a second language has become more important than ever. It is not only a valuable

Real Estate

Как снять индивидуалку в Мурманске без звонков: реально ли?

July 28, 2025 admin-dominor
Real Estate

Шлюхи трансы Воронеж: кто делает акцент на сервис

July 11, 2025 admin-dominor
Real Estate

Chatroulette: Vídeo Chat Aleatório E Gratuito Alternativa

July 11, 2025 admin-dominor
  • Contact Us
Copyright © 2025 Daily News World News Turkish Turkey. All rights reserved.
Theme: ColorMag by ThemeGrill. Powered by WordPress.