"Turkey considers applying fiscal rules
DENIZLI: Turkey is considering setting explicit fiscal rules to support budget discipline as the government continues technical work on a possible IMF precautionary stand-by accord, the Economy Minister said.
In an interview with Reuters on Monday, Mehmet Simsek also said reining in a widening current account deficit should be the fundamental goal of Turkey’s economic programme. “Serious work is being conducted on fiscal rules. We need an approach which fits Turkey’s conditions, which does not lose flexibility altogether but also brings serious discipline,” Simsek said."
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