2015 Prioritization of high-speed investments in investment expenditures

High speed train was prioritized in 2015 investment expenditures: Public investments were determined as 2015 billion liras in the 85 budget. Investment expenditures increased by 11 percent to 41 billion lira.


According to the 2015 budget submitted to the Parliament, an increase of more than 10 percent is anticipated in tax revenues, while investment and development were the most important topics. In the budget, which was determined as 473 billion liras in total, 14 targets were set, from inflation to savings. The budget, which aims to minimize the effects of uncertainties in the world economy, also envisions the liquidation of inefficient expenditures. While public investments were 88.5 billion lira, investment expenditures increased by more than 11 percent compared to this year and rose from 36.7 billion to 41 billion lira. Out-of-project spending will not be allowed, and the debt guarantee to be provided by the Treasury will not exceed 3 billion dollars. After the Presidency, the highest budget increase was seen in the Ministry of Development. The budget of the ministry has increased from 971 million lira to 1.9 billion lira.

EXTERNAL EXPENDITURE
According to the draft, no expenditure will be made for any project other than those included in the investment charts in addition to the 2015 program. The projects included in these charts and those whose allowance has been given collectively will not be less than 2015 percent of the project cost in 10, so that the project or work can start the works extending to the years within the scope of the project next year. Dam and HEPP projects with an installed capacity of more than 500 MW, Gebze-Haydarpaşa, Sirkeci-Halkalı Urban Rail Transportation System, Metro Rail Transit Project, Railroad Tube Crossing Construction Project, Railways and Railways Transit Project will be realized by Ministry of Transport, Maritime Affairs and Communications.

QUICK TRAIN was given PRIORITY
High-speed train projects will be prioritized within the scope of starting passenger transportation with high-speed trains on the core network consisting of corridors of Istanbul-Ankara-Sivas, Ankara-Afyonkarahisar-Izmir and Istanbul-Eskişehir-Antalya. In addition, signaling and electrification, logistics center investments and second line constructions to increase freight transport will be priority. It is estimated that tax revenues will increase by 10.7 percent next year, from 351.6 billion to 389.5 billion lira. As Minister of Finance Şimşek stated before, there was no special increase in defense spending. The Defense Fund has a resource of 5.7 billion lira for the investments that the Turkish Armed Forces need.

TERLEYEN, THE PRESIDENT
The biggest increase in the budget was in the Köşk budget with 97 percent. In line with the "sweating, running President" mission, the Presidential budget was increased by 97 percent, from 201.5 million to 397 million lira. In the presidential budget, personnel allowances increased from 47 million to 80 million lira. There was no serious change in the Prime Ministry budget.

14 GOAL OF THE BUDGET
* Inflation prevention
* Reducing the current account deficit
* Continued growth
* Increased savings
* Minimizing the effects of uncertainties in the world economy
Cautious fiscal policies against external shocks
* Income, expenditure, reaching mid-term fiscal targets
* Resource-expenditure balance
* Unproductive expenditure liquidation
* More resources for Incentive-R&D
* Activities in social programs
* Qualified infrastructure investments
* Activities in agricultural supports
* Financial transparency

BUDGET FIGURES
* Public investment: 85 billion TL
* Investment Expenditures: 41 billion TL
* Budget size: 473 billion TL
* Tax revenue: 389.5 billion TL


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