“Economy is Increasing in Fragility”
Turkish Opposition Party, MHP group vice president Erhan Usta, said that Turkey has faced with “twin open spins”, especially in the last 2 years, when the public has tended to increase again and that public finance has deteriorated.
Speaking in the Turkish parliament at the talks on the whole of the Bill on the Administrative Budget Law , Erhan Usta, MHP Group vice-president, stated that farmers, employees, and industrialists are under a great debt burden and that the increase in the debt is faster. the head of national income fell and stressed that inflation was rising. “The interest rate is rising and the current account deficit is still a considerable level.The public deficit has been The increasing again in the last 2 years and the public finance has been deteriorating.Turkey is in the risk of facing twin open spiral. We need to find that our reserves are far from meeting our short-term obligations, and the most fragile economies in the world have become an indispensible member of the league.
The exchange rate is floating,”The interest rate is rising and the current deficit is still a considerable level The public deficits have tended to increase again in the last 2 years and the public finance is deteriorating Turkey is at risk of facing the twin deficit It can be stated that in general the economy is increasing in fragility. we have to find out that our futures liabilities are far from satisfactory. “The most fragile economies in the world have become an indispensible member of the league.” she said