As part of medium-term plan
Turkey expects primary surplus at $ 1.26bn
Turkish Deputy Prime Minister Mehmet Simsek
Ankara - Arabs Today
The Turkish government expects its primary surplus at 5.8 billion lira ($1.62 billion) in 2018, as part of its latest medium-term plan. The government also announced in its Official Gazette that it targeted primary surplus of 11.8 billion lira in 2019 and 25.5 billion lira in 2020 as part of the plan, which is updated annually.
The ratio of primary surplus to GDP was seen at 0.2 percent in 2018 and 0.3 percent in 2019, the Official Gazette said, reaching 0.6 percent in 2020. Meanwhile, Turkish Deputy Prime Minister Mehmet Simsek said that in 2018, an additional 18 billion lira ($5 billion) would be allocated to the Ministry of National Defense and military industries.
The new allocations will help buy weaponry to modernize the military. Simsek told a TV interview that the Turkish government intends to lower spending in the 2018 budget.
Also this week, according to released data, the total market value of companies listed on the Borsa Istanbul Stock Exchange (BIST), which stood at 616 billion lira ($172 billion) as of December 30, 2016, have increased, reaching 801 billion lira ($223 billion) in September.
- Thursday ,13 December GMT 13:52 2018 Economic conference on investment opportunities in Syria kicks off
- Sunday ,09 December GMT 12:24 2018 Cairo, Rome ink 45 million Euros deal to support Egyptian private sector
- Friday ,07 December GMT 16:28 2018 Putin does not rule out connecting South Europe to Turkish Stream via Greece
- Sunday ,02 December GMT 07:54 2018 US and China agree to 90-day ceasefire on tariffs after leaders' meet
- Tuesday ,20 November GMT 16:13 2018 Eurasian Economic Commission, Thailand sign memorandum on cooperation
- Monday ,19 November GMT 16:41 2018 Putin hails Turkish president’s role in seeing TurkStream project implemented
GMT 13:52 2018 Thursday ,13 December
Economic conference on investment opportunities in Syria kicks offGMT 12:24 2018 Sunday ,09 December
Cairo, Rome ink 45 million Euros deal to support Egyptian private sectorGMT 16:28 2018 Friday ,07 December
Putin does not rule out connecting South Europe to Turkish Stream via GreeceGMT 13:02 2018 Tuesday ,04 December
French PM puts fuel tax hike on hold after protestsGMT 07:54 2018 Sunday ,02 December
US and China agree to 90-day ceasefire on tariffs after leaders' meetGMT 12:27 2018 Friday ,30 November
G20 set to open in Argentina with global trade concerns in focusGMT 16:13 2018 Tuesday ,20 November
Eurasian Economic Commission, Thailand sign memorandum on cooperationGMT 16:41 2018 Monday ,19 November
Putin hails Turkish president’s role in seeing TurkStream project implemented
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 08:25 2018 Wednesday ,12 December
Australian government discusses moving Israel embassy to Jerusalem
GMT 15:47 2017 Sunday ,17 December
Alonso edges Chelsea past Southampton
GMT 19:20 2018 Tuesday ,02 October
Election Committee delegation visits Supreme Council for Women
GMT 16:48 2017 Friday ,31 March
Education minister receives Mini Olympics winners
GMT 16:13 2017 Wednesday ,13 September
Emirates NBD Dubai Economy Tracker: Improvement in business conditions
GMT 20:35 2017 Tuesday ,26 September
Military production companies aim at 100% locally-made
GMT 16:39 2017 Saturday ,11 February
Yemen's rebels demand dismissal of UN peace envoy
GMT 23:04 2017 Thursday ,12 October
Qatari chairman of Paris Saint-Germain accused of bribery
GMT 09:31 2016 Thursday ,07 January
Nazaha probes case of professor who is also studying abroad
GMT 01:54 2017 Saturday ,23 September
Venezuela protest death toll rises in renewed violence
GMT 20:19 2016 Thursday ,17 November
Cairo film festival begins with a bang
GMT 20:22 2017 Wednesday ,08 February
How a refugee’s selfie with Merkel led to a Facebook lawsuit
GMT 02:24 2017 Saturday ,18 November
Hariri expected in France after 'Saudi hostage' rumours
GMT 22:35 2016 Tuesday ,25 October
Gulf Security 1 exercises to kick off in Manama on Wednesday
GMT 06:07 2013 Monday ,15 July
Egypt freezes Islamist leaders\' assets
GMT 06:07 2017 Saturday ,30 September
At least 12 Afghan security forces killed
GMT 00:18 2016 Tuesday ,27 September
Probe own brother, ousted Thai PM tells junta chief
GMT 13:22 2017 Friday ,01 December
Ambassadors of Western nuclear powers
GMT 22:17 2017 Tuesday ,21 February
IndiGo-SilkAir planes on midair collision course; government launches probe
GMT 20:33 2017 Sunday ,23 July
Turkish president begins his 2-day Gulf tour
GMT 21:37 2017 Monday ,05 June
Kuwaiti emir receives OIC secretary general
GMT 21:38 2017 Friday ,01 September
Indonesian public interest to go on hajj increasing
GMT 21:32 2017 Sunday ,13 August
Egypt condoles with UAE over death soldiers
GMT 11:30 2016 Wednesday ,21 September
Baseball announcer Scully prepares
GMT 05:30 2017 Saturday ,01 April
Italy fears sting of Trump trade barriers
GMT 11:14 2017 Saturday ,15 April
SCOVA meets EU ambassador to Sudan
GMT 11:07 2017 Saturday ,20 May
North Korea warns US of 'merciless' strikes
GMT 01:53 2017 Monday ,04 September
Polish PM rejects 'blackmail' on EU migrant quotas
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor