At a press conference explaining the Higher Planning Council’s 2010 Investment Program, Yılmaz noted that private investments are always affected by uncertainties in the economy, whereas government investments were less likely to fluctuate. He added that for Turkey, 80 percent of fixed capital investments are usually made by the private sector, but that the 2009 economic crisis shifted these investments in favor of the government. The public sector backed 25 percent of the fixed capital investments in 2009, up from 20 percent during normal periods.
He noted that the private sector is expected to make TL 137 billion in fixed capital investments in 2010, a 7.7 percent increase from 2009. The minister noted that 43 percent of this was expected in the manufacturing sector. He added that TL 44.5 billion of fixed capital investments would be made by the government on transportation, irrigation, education and health projects and that in 2010 the government’s fixed capital investments would make up 4.3 percent of gross domestic product (GDP), 10.3 percent higher than in 2009.
