ANKARA - The program of macroeconomic targets for the year 2004 targeted a 5 percent growth in gross national product (GNP) in 2004, and end-year inflation rate of 12 percent.
The program including Turkey's macroeconomic targets, and targets and policies about social and economic sectors was published in Monday's Official Gazette.
The program envisaged a percent growth in GNP.
The growth will be provided especially from private investments in fixed capital assets and private consumption.
A 14 percent increase is expected in private investments in fixed capital assets, and 4.3 percent rise is foreseen in private consumption spending.
Growth speed is expected to be 5 percent in agriculture sector, 4.9 percent in industry sector and 5 percent in services sector in 2004.
According to the program envisaging wholesale prices index and consumer prices index to be 12 percent, annual average rise speed in wholesale prices will be 10 percent and annual average increase speed in consumer prices will be 13.7 percent.
The program said that Turkey's exports would amount to 51.5 billion U.S. dollars and imports would amount to 75 billion U.S. dollars in 2004 and stated that foreign trade deficit would be 14 billion 772 million U.S. dollars in 2004.
According to the program, consolidated budget incomes which are targeted as 114.5 quadrillion TL in 2004 will have 27.3 percent of share in GNP. Ratio of tax incomes to GNP is expected to decrease by 0.7 point to 23.6 percent in 2004 when compared to 2003.
Ratio of consolidated budget interest payments to GNP will decrease by 0.8 point to 15.8 percent in 2004 when compared to this year.
Ratio of consolidated budget deficit to GNP is expected to decrease by 0.3 points to 11.1 percent. Ratio of consolidated budget primary surplus is also expected to be 4.7 percent in 2004.
(UK-EÖ-AÖ) 28.10.2003