- Democrats are Considering Different Tax Options to Fund the Social Assistance Program
- Australian Prime Minister Scott Morrison Reminded that Full Lockdown Practices in his Country Could not Remain in Effect
- 3-year Roadmap of the Turkish Economy Medium Term Program Published
Democrats are Considering Different Tax Options
According to a senior White House adviser Joe Manchin (D-W.Va.) is likely to vote for a $3.5 trillion spending package in the end despite his opposition to its price tag. Senator Joe Manchin called for a “strategic pause” in Biden’s economic program last week.
Klain said that”We’ve worked with Senator Manchin every step of the way, We’re going to work together to find a way to put together a package that can pass the House, that can pass the Senate, that can be put on the president’s desk and signed into law.”
In a Wall Street Journal op-ed, the West Virginia senator, whose vote might be crucial in a Senate that is evenly divided, wrote: Inflation and a skyrocketing national debt necessitate a cautious approach. The program should cost much less than the one adopted by Democratic leaders and the White House.
Cedric Richmond, an adviser to Biden, said the administration would work with Manchin as part of the legislative process, “but we’re also going to continue to push our agenda.”
Australian Prime Minister Scott Morrison Reminded that Full Lockdown Practices in His Country Could not Remain in Effect
At a press conference in the capital, Canberra, Prime Minister Morrison made a statement about the fight against Covid-19 in his country, vaccination studies, full closure practices, and the end of bans.
Stating that more than half of the country’s population did not go out with the full closures due to the increasing Covid-19 cases, Morrison said that the bans in the country should end when the vaccination reaches the desired figures. At national cabinet meetings with state premiers in recent months, they agreed to reopen the country after 70 to 80 percent of the vaccinated population has been vaccinated.
Stating that the number of cases may increase in the states under the influence of the delta variant, Morrison said, “We will live with this virus as we live with other infectious diseases. We have to change our mentality. When the vaccine is given at the desired rate, the problem will not be cases; it will be serious illnesses, hospitalizations, and those in intensive care units. “Our ability to respond to these conditions will be our goal.”
3-year Roadmap of the Turkish Economy Medium Term Program Published
The Medium-Term Program covering the 2022-2024 period, which is the 3-year roadmap of the Turkish economy, was published in the Official Newspaper.
While the growth for 2022 was determined as 5 percent in the program, a growth target of 5.5 percent was set for 2023 and 2024. The forecast for this year’s growth was 9 percent.
While 12 percent unemployment is foreseen in 2022 in the program, the unemployment target of 11.4 percent in 2023 and 10.9 percent in 2024 has entered the program.
Regarding inflation, a 9.8 percent target was set for the end of 2022. This target for 2023 was 8 percent, and for 2024 it was 7.6 percent. The 2021 year-end forecast was determined as 16.2%.
In the Medium Term Program, the ratio of current account deficit to gross national product is predicted as 2.2 percent for 2022, while this ratio was 1.5 percent for 2023 and 1 percent for 2024.
Treasury and Finance Minister Lütfi Elvan stated that they would further strengthen macroeconomic stability for a durable growth led by the private sector regarding the Medium Term Program released today.