TURKEY: Hope springs eternal

Gorvett, Jon
June 2003
Middle East;Jun2003, Issue 335, p50
The article focuses on the international launch of Turkey's privatization sale and strategies to develop the economy of the country. Revenue raising is now a major feature of the ruling Justice and Development Party's (AKP's) programme, particularly since almost all the economic analysts in Istanbul are predicting a financing short fall of around $4bn. In order to boost income, the government has put forward plans to sell many state assets, from forests to parliamentary deputies' lodgings and announced a tax amnesty that trades possible prosecution over unpaid back taxes for a quick one off, wipe the slate clean payment. While cutting the privileges of the higher state employees has a certain attraction to many of the AKP's supporters, cutting social security and health care provision, slashing education budgets and raising the minimum wage do little but cause anger to the millions of Turks who depend on them.


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