Minister of Treasury and Finance Mehmet Şimşek announced the current account balance figures announced today. Regarding the current account surplus figures, which have reached the highest level since 2019, Minister Şimşek said, “The ratio of the current account deficit to national income decreased below 1 percent.”
Minister Şimşek said that the decrease in the current account deficit increased the resilience of the economy.
Minister Şimşek said:
“The ratio of current account deficit to national income decreased below 1 percent.
While the highest monthly current account surplus of 5 years was recorded in August with 4.3 billion dollars, the annual current account deficit was 11.3 billion dollars. Thus, the decrease in the annual current account deficit compared to May 2023 reached 44.4 billion dollars. While portfolio inflows were 24.9 billion dollars in the first eight months of the year, the external debt rollover ratios of the banks and the real sector were 167 percent and 132 percent, respectively.
“The decline in the current account deficit and the strong outlook in external financing strengthens our macro-financial stability and increases the resilience of our economy.”
