Şimşek Says Turkey's Balance of Payments Data Confirms Continued Rebalancing
Reviewing Türkiye's balance of payments data, Treasury and Finance Minister Mehmet Şimşek said improvement in the current account is supporting the anti-inflation programme. He said services revenue and direct investment are making positive contributions. The annual current account deficit continues to narrow as a share of GDP.
Treasury and Finance Minister Mehmet Şimşek reviewed the balance of payments data published by the Central Bank of the Republic of Türkiye and said the improvement in the current account is consistent with programme targets. The ministry said the 12-month current account deficit's share of GDP has continued its downward trend, while the services export channel remains at record highs.
Şimşek said annual foreign direct investment inflows are gaining pace in energy and technology. He noted that Türkiye's international reserves have strengthened significantly over the past year, providing a buffer for financial stability and against volatility in currency markets.
The Minister said global markets are being affected by geopolitical tension stemming from Iran, but Türkiye's macro programme has maintained its disciplined stance. The Central Bank's upcoming inflation report and steps related to budget discipline will be closely watched in the next period.
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