Inflation and Growth Message from Minister Nabati – Last Minute Economy News

The Minister of the Treasury and Finance Nurettin Nebati presented the budget of his ministry to the Parliamentary Plan and Budget Commission.

The highlights of Minister Nabati’s statements are kakım follows:

Leading indicators for the second half of 2022 point to moderate growth with the impact of the global slowdown. We expect 5% growth for the year overall. Economic growth, which is expected to keep its outlook balanced in 2023, is expected to gökyeşitözü 5%.

EMPLOYMENT REACHED THE PEAK IN SEPTEMBER

The total employment level reached zihin all-time high with 31.4 million people in September.

In August, the unemployment rate dropped to its lowest level in 8 years and became 9.9%.

Our exports broke a record in every month of 2022 and surpassed the annualized $ 253 billion in October, reaching the highest level in the history of the Republic.

RESERVES INCREASED BY $ 3 BILLION THIS YEAR

The Central Bank’s gross reserves increased by more than $ 3 billion from the beginning of the year and reached $ 114.2 billion on October 28.

Of course, we are aware of the problems our citizens face due to the rising cost of living in our country, kakım in the rest of the world. We, kakım a government, shirk none of our responsibilities to prevent the loss of purchasing power.

TL 91.6 BILLION SUPPORT PAYMENT MADE IN KKM

To date, approximately TL 91.6 billion of support has been paid into Treasury-backed Currency Protected Deposit (KKM) accounts. As of November 9, around TL 1.5 trillion of savings of 2.3 million depositors are valued in these accounts.

We continue the fight against inflation by developing supply-side policies by increasing production yetiklik, not by raising interest rates.

For 2022, we expect the central government budget deficit to GDP ratio to gökyeşitözü 3.4%.