ISTANBUL, Aug 10 (Reuters) - Turkey has taken strong cost-cutting steps in the public sector to meet its year-end targets and has moved to secure 35 billion lira ($5.6 billion) through savings and increased revenue, Treasury and Finance Minister Berat Albayrak said on Friday.
Albayrak, who is President Tayyip Erdogan’s son-in-law, spoke at a presentation to announce the government’s new economic policy. He said Turkey will shift to a more effective model for funding mega-projects.
Albayrak did not take questions at the end of the presentation. ($1 = 6.3100 liras) (Reporting by Humeyra Pamuk and Ezgi Erkoyun; Writing by David Dolan)