The Turkish government has announced aims to raise its tax revenue levels by 1,750 trillion lira (US$1.16 billion) next year in order to become eligible for a loan with the International Monetary Fund.
Reuters news agency has reported that the the government had also recently announced a raft of measures to cut down the budget deficit. The Turkish media has estimated a figure of 7,100 trillion lira on the total savings expected from cutting civil service jobs and amending taxes among other initiatives, although this figure has not yet been officially confirmed.
Some tax officials who wished to remain anonymous told Reuters that most of the increased tax revenues would come from a raise in the Fuel Consumption Tax. Currently, the government is saying it expects to raise 5,525 trillion lira from the fuel tax in 2001 and further charges on various fuels are set to bring in 10,509 trillion for 2002.
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