"Turkish pension reform is urgent, says report
Tuesday, February 28, 2006
ISTANBUL - Turkish Daily News
The growing social security deficit is threatening economic and financial stability.
Prudent economic policies and structural reforms have delivered a remarkable correction in the Turkish government's budget deficit from 16.5 percent of gross domestic product (GDP) in 2001 to 1.9 percent last year. This is a significant achievement that improves debt dynamics and paves the way for multiple rating upgrades in coming years."
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