ANKARA - State Minister and Deputy Prime Minister Abdullatif Sener said on Tuesday that there would be a significant decrease in rate of interests when markets relieved.
Responding to the questions in a private tv channel, Sener said total cost of domestic and foreign borrowings, that the borrowing stock grew much, and that this was the biggest problem of Turkish economy.
Sener said hesitation that debt stock carried a risk of growth determined the balances in markets.
Sener said the government earlier announced the primary surplus as 6.5 percent, stating that serious importance was attributed to this.
Stressing that there was increase in rate of interests after the war in Iraq, Sener said, ''it has entered into falling tendency now. We think real interests in treasury tenders in 2003 would be under 20 percent.''
Sener said there was not any important problem pertaining to banking system in Turkey, noting that weakness of finance sector, which had caused crisis two years ago, do not exist today. He recalled that more than 20 banks were transferred to the fund, and withdrawn from the market.
Sener said, ''current banks have healthy structure today. There is not any important problem at the banking sector today.''
(AY-AÖ) 22.04.2003