Turkey to reveal 'new economic model' on Friday

By Gokhan Ergocun and Tuba Sahin

ANKARA (AA) – Turkish Treasury and Finance Minister Berat Albayrak is set to announce on Friday a "new economic model", the ministry announced on Thursday.

The new set of economic steps are aimed at securing an economic growth of 3-4 percent in 2019, and decreasing the inflation rate to single-digits, the ministry said in a press release.

"It is expected that current deficit would be balanced around 4 percent," the ministry said.

The ministry added that it will continue to take steps to cut budget deficit to around 1.5 percent of the country's GDP.

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