North Cyprus News | Online News for North Cyprus

Huge budget deficit hampering reforms

Huge budget deficit hampering reforms

December 24
10:37 2015

The Ministry of Agriculture had a deficit of about 100 million TL for 2015, Minister Erkut Sahli has said

In an interview with Kibris TV, Sahali pointed out that one third of the budget is covered by Turkey and noted that because the economic protocol for the period 2016-2018 has not been signed yet with Turkey, no funds have been received yet.

Sahali said that it would be possible to cover historic debts, but this will happen only by implementing the reforms included in the economic protocol for the period 2013-2015.

The minister argued that insufficient efforts had been made to fulfil the requirements of the protocol. He added that Turkey will not give resources “without something given in return”. Admitting that they have been deprived of resources by Turkey and had taken no steps towards making structural reform, Sahali said that they are waiting for Turkey’s money to meet their needs, but resources are not forthcoming because the promises given to Turkey have not been kept.

Kibris Gazetesi

 

Local Weather

Kyrenia, Cyprus
15°
16°
Tue
13°
Wed
12°
Thu
12°
Fri
Weather from OpenWeatherMap

Lira Exchange Rates

USD
USD
3.8167
EUR
EUR
4.6731
GBP
GBP
5.3113

Upcoming Events

  1. Whirling Dervish

    January 22
  2. North Nicosia Walking Tour

    January 22
  3. Whirling Dervish

    January 23
  4. Whirling Dervish

    January 24