According to data from the Central Bank of the Republic of Turkey (CBRT), Turkey has $289 billion of resources that will contribute to reducing the current account deficit in the medium term. In the period covering 2023-2030, 35.2 per cent of the investments and supports to increase the current account surplus capacity are expected to be covered by technology investments and 21.4 per cent by the increase in tourism income.
The largest share in reducing the current account deficit is accounted for by projects related to the energy sector with 41.6 per cent.
Commenting on these energy projects to AA correspondent, 360 Energy General Manager Dr Cihad Terzioğlu said that oil and natural gas prices in the global market are the main factors affecting the energy import bill.
Pointing out that discoveries are the basis of energy policies that will affect the country's current account deficit, Terzioğlu said, "Natural gas and oil discoveries continue one after another. Each new discovery and reserve announcement can be the harbinger of a new one. Therefore, the impact of energy projects on the current account deficit may be even higher than expected in ten years."
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