New finance minister stresses fiscal disipline

Published 26.11.2015 00:38

In his first remarks, newly appointed Finance Minister Naci Ağbal said they will never renounce their fiscal discipline. Ağbal also added that the Grand National Assembly will utilize the new period by further focusing on reforms over the next months by maintaining fiscal discipline as the previous Finance Ministry did under the leadership of Mehmet Şimşek - who was very sensitive about exerting control over the balance between government primary expenditures and revenues. Ağbal expressed his satisfaction with having worked together with Şimşek for six years, and wished him success in his new duty.

Ağbal, 47, served as the Finance Ministry undersecretary between 2009 and 2015. He has served in the ministry since 1989 until he resigned to run on the Justice and Development Party (AK Party) ticket during the June 7 elections. Ağbal had also been appointed the AK Party's deputy chairman in charge of the economy since Sept. 13.

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