Turkish Finance Minister Mehmet Simsek announces saving measures in public spending
epa11337598 Turkish Finance Minister Mehmet Simsek (L) and Turkish Vice President Cevdet Yilmaz (R) attend a press conference as they announce a three-year saving plan in public spending in Ankara, Turkey, 13 May 2024. The measures announced include numerous budget cuts 'for the entire public service', some of which will require legislative changes to be submitted to parliament. According to the latest data from Turkish Statistical Institute (TUIK), Turkey's annual inflation rate rose to 69.8 percent in April from 68.5 percent in March. EPA/NECATI SAVAS
