Minister of Treasury & Finance Berat Albayrak, made evaluations regarding to the agenda in the “Anadolu Agency Special Broadcast”.
Minister Albayrak, used expressions that “With the package, in the next 3 months, a liquidity of 50-60 billion Turkish lira will ease the markets, regarding the “Economic Stability Shield” package announced by AKP chair & President Erdoğan.
“TURKEY TO COME OUT POSITIVELY OF THIS PROCESS”
Albayrak indicated that many sectors will benefit from allowance of short-time working. Minister Albayrak said that crafts will be made to benefit from liquidity opportunities, initially from public banks.
Stating that the first quarter will be closed above the expectations with a slight slowdown in March, Albayrak said: “Turkey is perhaps one of the most ready and prepared country in the world entering into such a global process as the most powerful regarding its infrastructure. I do not see an expected risk in Turkish economy at the moment. Currently there is no risk on the budget, Turkey will be the country whose economy will come out from the process most positively.”
“CURFEW IS NOT ON THE AGENDA AT THE MOMENT”
Albayrak stated that Turkey will fulfill the reasonable demands within its existing capacity. Regarding the measures against coronavirus outbreak Albayrak said, the curfew is not currently on the agenda.
Minister Albayrak continued as follows:
“Fiscal policies are a weapon in our hands against the negative scenarios of the global picture, of course we will use them when needed but I do not see such a risk for today. I do not think there will be a critical price setting behavior to the inflation on foreign exchange rate” he stated.
Translated by Gökçen Başak Doğan