Yildirim: budget deficit is expected to be 1.9% in 2017

Yildirim: budget deficit is expected to be 1.9% in 2017

Turkey's budget deficit-to-GDP ratio is expected to be 1.6%  this year, rising to 1.9% in 2017, the Turkish Prime Minister Binali Yildirim said.

The figure is expected to be 1.6% in 2018 and 1.35% in 2019.

The Turkish inflation is seen at 7.5% at the end of this year and at 6.5% in 2017, Yildirim said, adding that the government was determined to reduce inflation to a low and sustainable level, forecasting a level of 5% in 2018 and 2019.

The government will continue with investments to boost economic growth and does not see any problems in funding these investments, the Prime Minister said.

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