|
ECONOMY
A new and extensive economic program has been initiated by the
beginning of 2000 and this program has been in progress in Turkey,
in order to decrease the inflation and to reassure the improvement
medium in economic field in Turkey. In the contents of this economic
program, besides the applications of a severe financial policy and
the execution of extensive structural reforms, in order to descend
the high inflation expectations rapidly, the exchange values are pre
- determined according to the aimed inflation and expressed
beforehand and the cash policy had been set to a spectrum in which
the liquidity expansion is dependant on foreign resource inlet.
At the application of the program, important steps are taken in the
field of structural reforms and to decrease or limit the public
losses. At the coverage of the structural reforms, the social
security system encountering major losses for long periods are
rearranged and important steps were taken in order to obtain the
balance between the actives and passives of the system. The first
interference of direct income support system in the field of
agriculture had been taken and the trials at the pilot areas were
resulted in affirmative outcomes and the credit interest rates were
determined according to the resource costs. By the foundation of
Banking Supervision and Arrangement Association as a result of the
reform in financial sector, it is planned and aimed to gather the
activities of supervision, arrangement and surveillance of the
banking sector under a sole authority. Regarding the privatization
activities, 51 percent of the Petroleum Office sold as a block and
31.5 percent of TÜPRAŞ was sold by the public submission in the year
2001. Besides, the income obtained from the cellular phone license
sales were higher than expected.
|
