The FINANCIAL — Total investment in Turkey is expected to register a decline of TL 61.6 billion this year, ringing in at TL 148.7 billion at year-end, mainly due to a drop in private sector investment.
According to the State Planning Organization's (DPT) “General Economic Goals and Investments” report for 2010, total private sector investment is expected to fall from TL 169.7 billion in 2008 to TL 107.8 billion this year. The total amount of public investment, which was TL 40.6 billion last year, is not predicted to change much this year, increasing slightly to TL 40.9 billion. The report forecasts a decline in total investment from TL 210.3 billion last year to TL 148.7 billion this year.
For the past two years there has been not been much change in the rate of public investment. The report estimated that there will be an increase of 8.3 percent in public spending in 2010, rising to TL 44.3 billion. Private sector investment is also expected to increase by 20.4 percent, rising to as much as TL 129.8 billion. It is expected that investment in Turkey will increase to TL 174.1 billion in 2010, a figure higher than 2009 but still below the level reached in 2008.
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