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Minister: Measures being taken to limit expenses of public administration

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Turkey’s newly appointed Treasury and Finance Minister Berat Albayrak said in a press release on Tuesday that measures are being taken to limit the expenses of public administration, the Gazete Duvar news website reported.

Public expenditures have increased significantly in recent years, including a growing number of official cars and an exorbitantly expensive presidential palace, both of which were harshly criticized.

Albayrak, also the son-in-law of President Recep Tayyip Erdoğan, highlighted in the press statement the issues debated in meetings with bankers and economists on Monday and business leaders and representatives of business organizations on Tuesday.

Turkish Industrialists and Businessmen’s Association (TÜSİAD) Chair Erol Bilecik and Turkey Exporters Assembly (TİM) Chair İsmail Gülle were among the participants.

According to the statement, the Treasury and Economy Ministry will focus on a new plan to decrease inflation, take measures to limit public expenditure and put regulations into practice to manage public assets from a single Treasury account, with an aim to increasing efficiency.

“With these meetings, we are trying to build our Medium-Term Program [OVP] by listening to the views of our stakeholders,” Albayrak said.

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