October 23, 2018 / 1:15 PM / 24 days ago

Turkish capital expenditure savings to support rebalancing, Albayrak speech text

ANKARA, Oct 23 (Reuters) - Turkey will reduce capital expenditure by 20 percent in 2019 which will support rebalancing in the economy, according to the text of a speech which Finance Minister Berat Albayrak is making to a parliamentary commission.

The budget for next year will allocate 32.8 billion lira ($5.68 billion) to support the real sector, according to the text. ($1 = 5.7775 liras) (Reporting by Gulsen Solaker Writing by Ezgi Erkoyun Editing by Daren Butler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below