Minister of Commerce Mehmet Muş stated that inflation, which affects the whole world, is also experienced in Turkey and said, “Inflation will tend to decrease as of next year. By 2024, inflation will be completely under control. The figures show that Turkey’s economy is actually on solid foundations and that investments can be made.”
Minister of Commerce Mehmet Muş attended the ‘Stars of Gaziantep’ award ceremony organized by Gaziantep Chamber of Industry. To the ceremony held at the Şehitkamil Cultural Center; In addition to Minister Muş, Gaziantep Governor Davul Gül, President of the Union of Chambers and Commodity Exchanges of Turkey Rifat Hisarcıklıoğlu, Metropolitan Mayor Fatma Şahin, district mayors, deputies and many business people attended. Speaking at the program, Minister of Trade Mehmet Muş said that Gaziantep has made a great leap forward when compared to the cities of the region and that it has exported more than 10 billion dollars this year. Stating that they have seen green energy studies in Gaziantep and that investments are made in the future from today, Minister Muş stated that there will always be a way forward and further, and noted that Gaziantep has taken these steps related to green transformation and green energy faster than other provinces.
Minister Muş explained that the developments in the world, especially the epidemic and the Ukraine-Russia war, caused pricing, and said, “The world has entered a completely different phase. When they compared all of them, all countries saw their strengths and weaknesses. Now I would like to share some figures about Turkey with you. Propaganda is being made at different times, from different quarters. Now, in such an environment, it is necessary to evaluate the steps and achievements of Turkey. Turkey is not stable, it is a country that has a lot of trade volumes with the countries around it. Turkey is taking these steps in unstable conditions. This year, we will have achieved the export target that we set last year in Turkey. We will announce the final figures on Tuesday, January 2, with the participation of the President. Therefore, it will have achieved record figures that Turkey has not experienced in both goods and services exports. We have an export target by putting it above these figures, not behind them,” he said.
Minister Muş, pointing out that Turkey provides foreign exchange inflow by producing, noted that it provides foreign exchange by selling goods and services. Stating that investments based on hot money can come and enter the stock market, Muş underlined that they do not consider very short daily weekly entries as a very correct investment. Explaining that Turkey is progressing at the level of meeting the criteria set by the European Union, Minister Muş emphasized that despite all the conditions, Turkey does not compromise on the budget deficit and said:
“However, we do not consider such short daily weekly entries as a very good investment. So we don’t want much. When it comes to long-term, truly predictable investments, it contributes to the country’s economy. We are currently receiving these investments. When we look at Turkey’s public debt stock, the EU-defined debt stock is 39 percent. The European average is around 95 percent. Their average is twice ours. Household indebtedness is 13 percent. We are among the countries with the lowest this rate. When we look at Europe, this figure is much higher. In some countries, we see figures reaching 100 percent. Turkey’s budget deficit is at a reasonable level. We are going at levels that meet the criteria set by the European Union. Despite all these conditions, Turkey did not compromise on its budget deficit.”
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