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YetkinReport
13 May 2024, Monday / Published in Economy, Politics

Türkiye announces major public spending cuts

In a bid to curb surging inflation and restore fiscal discipline, Türkish Finance Ministry unveiled an extensive savings plan aimed at reining in public spending. Vice President Cevdet Yılmaz and Treasury and Finance Minister Mehmet Şimşek announced a new “Public Savings Plan” on May 13 at a joint briefing. The savings plan comes as Türkiye
austerityausterity measureseconomyinflationMehmet Şimşekpublic savings planşimşekTurkish economyTurkish inflation
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