Turkish finance minister presents 2022 economic indicators pointing to positive dynamic

The level of per capita income in Türkiye in 2022 is presumed to have surpassed $10,000 and is expected to continue rising in 2023 to reach at least $12,000.

The Turkish Minister of Treasury and Finance, Nureddin Nebati, disclosed those figures at a press conference on January 16 in Istanbul, as Anadolu agency reports.

The Head of the finance ministry emphasized the success of the implemented "Turkish economic model", aimed at boosting investments, employment, production and export rates.

"Türkiye’s state budget expenditures in 2022 amounted to 2 trillion 941 billion liras [approx. $16 billion), and revenues amounted to 2 trillion 802 billion liras  [approx. $15 billion]. That is, the budget deficit amounted to 139.1 billion liras [$7.4 billion]", Nebati said.

He further announced, that Türkiye’s gold reserves grew by 129 tons during the year and that the state gave away 290.4 billion lire tax in favor of citizens during the last year in order to stimulate economic activity in Türkiye.

Nebati noted on the importance of the country’s priority economic initiatives, including the production of the domestic electric car "Togg". The minister recalled that in order to support the domestic car industry, the state guaranteed the purchase of a batch of Toggs.

He also brought attention to the fact, that the Istanbul Stock Exchange in 2022 differed favorably from the financial platforms of developing and developed countries, bringing a high return of 111% in dollar transactions.

"The results of 2022 provide a basis for optimism. We look to the future with hope!", Nebati assured.