Bloomberg News

Babacan Says Debt Stock Targeted at 32 Percent of GDP in 2014

October 13, 2011

Oct. 13 (Bloomberg) -- Turkey plans to reduce the ratio of its debt stock to 32 percent of the gross domestic product in 2014 from an expected 39.8 percent this year, Deputy Prime Minister Ali Babacan said.

The ratio of the debt stock to GDP is expected at 37 percent in 2012 and 35 percent in 2013, Babacan said in Ankara today.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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