Hazine ve Maliye Bakanı Şimşek: Kalıcı Refah Artışı İçin Güçlü Bir Temel Atıyoruz

BEĞENDİM

ABONE OL

News

0

Central Bank of the Republic of Turkey Releases April Balance of Payments Data

The Central Bank of the Republic of Turkey has officially announced the April balance of payments figures, providing valuable insight into the country’s economic health. The latest data underscores a notable increase in the resilience and robustness of the Turkish economy, especially in its ability to withstand external shocks. This positive trend is largely attributed to the successful implementation of the current economic reform program.

In a statement, Minister of Treasury and Finance Mehmet Şimşek expressed confidence in the country’s economic trajectory, stating, “We are laying a firm foundation for sustainable high growth and long-term prosperity.” He highlighted that the annual current account deficit experienced an increase in April, aligning with previously forecasted projections. Importantly, he emphasized that since the inception of the economic program, the country has managed to reduce its current account deficit by 39.3 billion dollars. Additionally, Turkey has achieved an impressive annual current surplus of 49.5 billion dollars, excluding gold and energy sectors.

Global Trade Dynamics and Service Sector Performance

Şimşek pointed out the shifting landscape of global goods trade, noting the significance of the current global uncertainties and their impact on trade flows. He stressed that despite these challenges, the strength and resilience of Turkey’s service exports have played a crucial role in supporting the overall current account balance.

He further articulated, “Thanks to our strategic economic measures, our country’s capacity to resist shocks has markedly improved, leading to significant progress in sustainable current account management. We are establishing a solid foundation for high growth and enduring prosperity.”

Conclusion

This data not only reflects the positive momentum of Turkey’s economic reforms but also signals a promising future of stability and growth. As the country continues to adapt to global economic fluctuations, the strengthened current account position serves as a testament to the effectiveness of the policies implemented thus far.

This report has been generated, translated, and reviewed by an AI-supported editorial process. For more information, please review our Terms and Conditions. Vezir Agency