Turkish central bank urges spending reduction

The governor of Turkey's central bank, Durmus Yilmaz, said that the bank had found "gaps" in the country's budget forecasts during the recent election campaign, and urged the government to cut its spending.

The budget showed a deficit last month, and much lower primary surplus data compared with last year which is interpreted as the result of increased public spending before the early legislative elections which took place at the weekend.

The governor told a press conference in Ankara that if t

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