Austin Indian Community - AustinIndian.com
| | | | | | | | | | | |
 


 

Erdogan pledges to reduce inflation to single-digit

Turkey,Politics

Author : Indo Asian News Service

International, Politics, National, Turkey Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

Ankara, Jan 4 (IANS) Turkish President Recep Tayyip Erdogan has vowed to decrease the country's inflation back to single-digit levels after the annual inflation surged to 36.08 per cent, the highest since 2002.

"Whatever the reason is, we are in sorrow that our citizens are faced with such a picture," Erdogan said at a press conference after a cabinet meeting.

The government is determined to decrease the inflation to single digits as soon as possible, he said, recalling that they had managed to reduce to 6 per cent in the past, reports Xinhua news agency.

The civil servants and pensioners in the country will be supported by new economic measures, he said.

Erdogan said they will increase salaries for civil servants by 30.5 per cent and they will ensure an inflation level-based increase in the pensions of the retired citizens.

Salaries for any pensioners will not be lower than 2,500 Turkish Lira ($192), he stated.

--IANS

ksk/


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

IPL 2024: All it needs is to win a couple of games and you are back in contention, says Rashid Khan

IPL 2024: All it needs is to win a couple of games and you are back in contention, says Rashid Khan

Aditi Rao Hydari's b'day wish for 'manicorn' Siddharth: 'Endless laughter, happiness'

Aditi Rao Hydari's b'day wish for 'manicorn' Siddharth: 'Endless laughter, happiness'

Why Vidya Malvade says she felt she would become 6 feet tall by end of 'Ruslaan' shoot