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    Turkey's 2009 budget to focus on global crisis

    Anatolian Agency
    13.10.2008 - 14:36 | Son Güncelleme:

    Turkey's 2009 budget will focus on the fight against the global economic crisis and "institutional financial liability".

    Economy officials said expenditures will depend on income performance in the Turkey's new 2009 budget adding that the country would set up the world's most developed "budgetary and financial discipline system."


    Turkey's 2009 budget, and consecutive budgets, will help the country lower its inflation to one-digit figures and achieve sustainable economic growth. These budgets will also give Turkey the opportunity to create a competitive economy and comply with the EU's financial principles.

     

    Turkey will also receive technical support from the International Monetary Fund (IMF) and implement this support in its 2009 budget and consecutive budgets.


    An IMF delegation comprising of experts from the fund will soon hold a workshop in Turkey within this framework.

     

    During the workshop, after a detailed examination of various successful international budgetary and financial discipline systems, the best one will be chosen and such sample will be turned into a model system combining Turkey's young population, dynamic economy and economic, social and cultural needs.

     

    Turkey's 2009 budget will also include basic arrangements that will improve budget credibility and create a reliable atmosphere in the markets.

     

    Financial discipline will become a major principle and the associated rules will be gathered under a law on "institutional financial liability" after the study.


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