News ID: 218227
Published: 0230 GMT July 13, 2018

Erdogan renews promise for strong Turkish economy by 2023

Erdogan renews promise for strong Turkish economy by 2023

Turkish President Recep Tayyip Erdogan opened his cabinet’s first meeting since taking office in a new term with sweeping powers, renewing a promise to make Turkey one of the world’s top economies.

Turkey this week formally switched to an executive presidential system, which critics say concentrates too many powers in the hands of the president. Erdogan maintains the new system will improve governance and bring security and stability to the country, AP reported.

He has appointed a 16-member cabinet, including his son-in-law, Berat Albayrak, as treasury and finance minister, raising concerns in financial circles over Turkey’s fragile economy.

In a ceremony marking the new cabinet’s first meeting on Friday, Erdogan repeated his determination to ensure Turkey joins the world’s top 10 economies by 2023 when Turkey marks the centenary of the republic.

Erdogan has said the powerful executive presidency is vital to driving economic growth and to ensure security after a failed 2016 military coup.

Under the new system, the post of prime minister has been scrapped and the president selects his own cabinet, regulates ministries and can remove civil servants without parliamentary approval.

Erdogan, the most popular leader in recent Turkish history, has now formally become the most powerful leader since Mustafa Kemal Ataturk founded the republic from the ruins of the Ottoman Empire.

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