Turkish finance minister Mehmet Simsek outlined a stricter fiscal policy for 2024 to reinforce the government’s disinflation strategy.
Inflation is projected to drop further due to tighter monetary and fiscal measures.
Year-end inflation forecasts have risen to 44 per cent for 2023 and 21 per cent for 2024, with the government targeting single-digit inflation within 2-2.5 years.