Türkiye aims to lower budget deficit to 3 pct in 2025 to combat inflation

ANKARA, Dec. 30 (Xinhua) -- Türkiye plans to reduce its budget deficit from approximately 5 percent to around 3 percent by 2025 as part of its strategy to combat inflation, Finance Minister Mehmet Simsek announced on Monday.

"In 2025, we aim to reduce the budget deficit from around 5 percent to around 3 percent, so the disinflationary effect of the reduction in the budget deficit will be seen very clearly,"