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Turkey Cost-Cutting in Public Sector, to Secure 35 Billion Lira, Albayrak says

Reuters Last Updated at 10 Aug 2018, 19:08 IST Turkey

Turkey has taken strong cost-cutting steps in the public sector to meet its year-end targets and has moved to secure 35 billion lira ($5.6 billion) through savings and increased revenue, Treasury and Finance Minister Berat Albayrak said on Friday.

Albayrak, who is President Tayyip Erdogan's son-in-law, spoke at a presentation to announce the government's new economic policy. He said Turkey will shift to a more effective model for funding mega-projects.

Albayrak did not take questions at the end of the presentation.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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