Evaluating the current account deficit figures for April, which stood at 5.7 billion dollars today, Minister of Treasury and Finance Mehmet Şimşek said that they achieved a significant improvement in the current account balance thanks to the economic program they implemented.
Şimşek said that they expect the current account deficit to remain at manageable levels for the rest of the year.
Minister Şimşek’s evaluation is as follows;
“In April, the annualized current account deficit reached 37 billion dollars. Thanks to the program we implemented, we achieved a significant improvement in the current account balance and strengthened the resilience of our economy against global shocks.
In this way, we expect the current account deficit to remain at manageable levels throughout the year, despite the negative impact of increasing energy prices. Despite challenging global conditions, the strong outlook in access to external finance continues.
The annualized external debt rollover ratios of the real sector and the banking sector were 239 percent and 177 percent, respectively. “With the regulations we have recently implemented, we aim to increase long-term financing inflows to our country, improve the investment environment and make Türkiye an investment, production and trade center.”
