ANKARA - Economy management and IMF delegation would focus on nearly 1 quadrillion Turkish liras (TL) of measures under the package of additional measures which is expected to reach nearly 7 quadrillion TL, sources said on Monday.
Sources said that most of the additional measures package would be met from the subsidy cut in the budget.
Noting that the subsidy cut which was envisaged to be 10 percent might increase to 13 percent, sources said that nearly 4 quadrillion TL of savings would be provided.
Meanwhile, 2 quadrillion TL of income is expected from the price increases targeted to be made in Tobacco, Tobacco Products, Salt and Alcohol Enterprises (Tekel) products and natural gas after the increase in special consumption tax on fuel oil products and cigarettes.
The rate of increase in price of natural gas is envisaged to be between 3-5 percent, obtaining a 140-170 trillion TL supplementary revenues.
Income from the budget cut and increase in special consumption tax rate is supposed to be nearly 6 quadrillion TL while the issue of ''sources to meet the remaining 1 quadrillion TL deficit'' would be the top matter of the agenda of discussions with the IMF.
This deficit is targeted to be removed by increase in rates of Source Use Supporting Fund and several similar measures.
Decrease in value added tax on textiles and products would also be discussed, but the IMF was not warm towards such a decrease, sources added.
(MS-AÖ) 01.03.2004