40 billion dollar savings plan ready to privatize railways

40 billion dollar savings plan ready to privatize railways: The government is taking steps to increase savings with the Medium Term Program. 3 is expected to save $ 1 billion more in the coming 40 year


GDP rate of saving in Turkey declined until xnumx'y percent, the government is taking steps to increase savings. Within the scope of the Medium Term Program (MTP), the ratio of savings to national income is expected to gradually increase to 12. When the national income is calculated to be around 17,1 billion dollars, the next 800 is expected to save about 3 billion dollars more per year. During the program period, it is expected that an additional 40 million people will be employed outside of agriculture. In this period, with the expected decrease in agricultural employment, total employment growth is expected to be 2.1 million.

Under the three-year program, bureaucratic and legal processes for investors and businesses will be improved and legislation will be updated according to international standards and best practices. In order to ensure sufficient land production for investors to allocate suitable investment sites, the inventory of the land suitable for investment, in particular the treasury lands, will be extracted and the allocation processes will be activated. Within the scope of the program, which will start a new period in public procurement, drug, medical device and treatment expenses will be rationalized in order to prevent unnecessary use without compromising the quality of health services. Domestic procurement products will be preferred in domestic procurement.

The restructuring of TCDD is expected to be completed during the three-year program during which the privatizations will continue. Rail freight and passenger transport will be opened to private railway companies. TCDD's financial burden on the public will be taken to a sustainable level. TÜDEMSAŞ, TÜLOMSAŞ and TÜVASAŞ will be restructured to meet market expectations as a result of legal regulations in the railway sector.



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