Turkey's 2012 budget up, public to employ 90.000

Turkey plans to increase the size of its 2012 central government budget by 12.25 percent over the 2011 budget in addition to hiring 90,000 more people for the public sector, Turkish Finance Minister Mehmet Simsek said yesterday. "The 2012 budget aims to increase savings, decrease the foreign account deficit, focus on economic and social progress, improve the public finance balances and allocate resources to investments that will allow our country to take steps forward," Simsek said. While leading European economies and neighboring Greece are cutting jobs and implementing austerity measures, Simsek said Turkey planned to employ 90,000 more people in the public sector in 2012.