Turkey Plans to Cut Public Spending in 2013 Budget, Star Reports

Turkey’s government won’t allow new non-strategic projects and is seeking to cut public spending as the Finance Ministry drafts a budget for next year, the Star newspaper reported, without saying where it got the information.

The government wants to keep expenditures below 400 billion liras ($222 billion) by lowering public spending in 2013, the Istanbul-based newspaper reported.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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