"Tourism Statement Supporting the Current Account from Minister Şimşek"

The Minister of Finance and Treasury Mehmet Şimşek evaluated the country's third quarter tourism data via social media. In this assessment, he emphasized that the increase in tourism revenues and export performance significantly contribute to Turkey's sustainable current account balance goal.

The tourism revenues obtained in the third quarter of 2023 indicate the strengthening of the service sector, which is the backbone of the Turkish economy. Minister Şimşek stated that the intense influx of domestic and foreign tourists allows the country to increase its foreign exchange reserves and reduce its current account deficit. This situation contributes to Turkey's financial stability while positively affecting employment nationwide and supporting economic growth.

Additionally, these positive developments in the tourism sector signify a significant step towards reaching Turkey's current account balance targets as of 2023. The Ministry of Transport and Infrastructure and the Ministry of Culture and Tourism, along with the increase in trained human resources, are contributing to the further rise in tourism revenues, thus supporting economic growth.

The Minister of Finance and Treasury stated that tourism, beyond being merely an economic sector, also contributes to strengthening international relations. In this context, he added that the diverse vacation and cultural experiences offered by Turkey enhance the country's international recognition and increase its potential to attract foreign direct investments.

Minister Şimşek's statements feature characteristics that support the sustainability of Turkey's growth targets in tourism. In this framework, the reduction of the current account deficit with a strong reserve accumulation is critically important for the country's economic future.