Wednesday 20th April 2011
Turkey Enjoys Budget Surplus in 2011
In a financial climate where most countries are struggling to avoid bankruptcy and dealing with severe public backlash over budget cuts, Turkey stands out in stark comparison for it's budget surplus.
The Turkish Minister of Finance, Mehmet Simsek, announced that the country had a surplus of 630 million US dollars in January and February of 2011.
Rather than being a mere anomaly, Mr Simsek stated that the data reflected Turkey's success in reducing public expenditures while increasing their revenues. He also noted that the data showed that the Turkish government is sticking to it's financial targets – another rarity in today's global economy.
These figures come on top of other positive news items that reveal Turkey as a strong investment location, with economic experts recognizing Turkey's growth and recommending it as one of the world's most secure places to invest for stability and high returns.