After the win of President Recep Tayyip Erdogan, the eyes were turned to the economy. After the general elections of the President and the 27th term deputies, many issues will be the focal point of the markets for the current dismissal from the inflation, the exchange of money from the fiscal discipline.
Inflation, current account deficit will fall ... Exports will rise
In the new period, macroeconomic and financial stability will continue to decisively, and the financial discipline, the most important anchor of the economy, will not be compromised. Efficiency in public expenditure and revenues for fiscal discipline will be improved, existing spending programs will be reviewed, and inefficient expenditures will be liquidated. Inflation will be reduced again to single digits. The current account deficit will be reduced permanently due to the structural problem. The share of 4 percent of high technology products in exports will increase to 15 percent.
1 million new jobs targeted each year
The main priority in achieving macroeconomic stability will be to maintain and maintain price stability. The monetary policy will continue in coordination with the fiscal policy.
It will continue to be the basis for the Central Bank to determine its monetary policy instruments directly to ensure price stability. Unemployment insurance will be reorganized to provide more social protection. In the next 5 years, at least 1 million jobs will be created annually, with a total of over 5 million additional jobs. National marketers will be formed within the scope of Project Based Incentive System.
8.4 billion pounds investment planned in rural area
Will enable Turkey to have its new generation of automotive technology, "Turkey's Car Project" will be carried out rapidly. The work of the Food Committee will be of importance in the new period.
In 81 provinces and 250 villages, the "co-production model" will be passed down. Up to 2020, the support under IPARD-II will be maintained. With the grant of 5.2 billion TL, 10 thousand new investments will be supported. 50 thousand new jobs will be created and 8.4 billion TL will be invested in the rural area. Specialized Organized Industrial Areas based on transformation will be accelerated to work with R & D with 17 Research and Training Centers in the phase of establishment.