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Şimşek: Turkey is an attractive country with its rapid economic growth
Thus, there won't be any problem for financing current account deficit in short term, added Şimşek who spoke to the Anatolia news agency in Girne city of Turkish Republic of Northern Cyprus (TRNC) on Thursday.
Şimşek said that Turkey would be able to control current account deficit within the next 3-5 years like it happened in budget deficit.
He added that in short-term, they aimed to increase competitive power, decrease dependency on foreign sources, and direct industry towards areas such as training and research & development.
Noting that tax revenue increased over the target, Şimşek said that tax revenue rose 24.7 percent in the first half of 2010, and this rise was continuing.
Şimşek stressed that rise in tax revenue dropped the budget deficit.
He added that Turkey also recorded a great success in privatization.
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