Turkish parliament approves country’s 2016 budget

Turkish deputy prime minister states that new budget plan is determined to make country high-income economy through comprehensive reforms

Photo by: AA
Photo by: AA

Turkish Deputy Prime Minister Mehmet Simsek speaks at the parliament during discussions on the governing Justice and Development Party (AK Party)’s new budget plan for 2016 on March 9, 2016.

Turkish parliament has approved the government's central administration budget for 2016 with 301 votes in favour of the plan and 129 against the plan.

The proposed budget was debated at the Parliament's planning and budget commission, and the general assembly in recent weeks before it got an approval vote by a majority on Wednesday.

Speaking at the general assembly, Turkish Deputy Prime Minister Mehmet Simsek praised structural reforms made by the governing Justice and Development Party (AK Party) to raise the country’s income levels.

The AK Party government aims to make Turkey a high-income economy through new reforms, Simsek pointed out adding that the administration has prepared a comprehensive road map for this end and partly put it into practice.

He said the planned reforms target three main areas concerning “sectoral transformation which refers to micro-level reforms, structural macro-level reforms, and European Union (EU) accession process.”

The deputy prime minister also highlighted the importance of women’s participation in the country’s labour force.

“Women’s participation in the labor force has increased by 10 points within the last 10 years. This is a good development but not enough,” he stated.

“We will continue putting regulations into practice, which will increase the rate of women participation in our labour force,” he added.

TRTWorld, AA