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MENAFN - Qatar News Agency - 20/02/2013

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(MENAFN - Qatar News Agency) Turkish Prime Minister Receb Tayyip Erdogan said Tuesday that his country's foreign reserves were more than 125 Billion. Erdogan who was speaking at a meeting with his party's parliamentary bloc today , said that Turkey allocates 16% of its income to taxes, while the rest goes towards investment.

The Turkish premier further said that Turkey will repay all its debt, currently worth 400 million to the International Monetary Fund (IMF), by May 14 2013. With that payment, Erdogan added, Turkey would finally repay all of its foreign debt which reached 23 Billion at one point.

 






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