2021 Budget Law Proposal Negotiations Started

2021 Budget Law Proposal Negotiations Started 2021 Budget Law Proposal negotiations started. Vice President Fuat Oktay announced that the bill proposal has started to be discussed. The talks of the Central Government Budget Law Proposal of the Year 2021 and the Proposal of the Central Government Final Accounts of the Year 2019 started at the The Grand National Assembly of Turkey’s Plan and Budget Committee. The important lines that stand out from Vice President Fuat Oktay's speech were as follows: - In 2020, we estimate that central government budget expenditures will be 1 trillion 212.3 billion lira, central government budget revenues will be 973 billion 129 million lira, budget deficit as 239 billion 168 million lira, primary deficit as 101 billion 768 million lira. - We estimate that the 2020 budget deficit will be 239.2 billion TL, 100.3 billion TL above the initial target. - 2021 budget, the largest economy deeply affected by decomposing strongly positive from the EU and OECD average is starting to recover Turkey's budget. - The fact that prices are more competitive in new natural gas contracts due to the discovery of natural gas in the Black Sea and that domestic natural gas will be used in 2023 will make a significant contribution to the long-term improvement of our current account balance. - We expect the economy to grow by 0.3 percent in 2020. - We expect a strong V-type recovery in Q3, we expect a recovery in labor force participation and employment.