Minister of Treasury and Finance, Mehmet Simsek, stated that “The decrease in the current account deficit and the strong outlook in external financing strengthen our macro financial stability.” Minister Simsek evaluated the current balance data, emphasizing that the current account deficit ratio to national income fell below 1%. In a social media post, Minister Simsek shared the following: “In August, the monthly current surplus reached the highest level in five years at $4.3 billion, while the annual current account deficit was $11.3 billion. This has resulted in a decrease of $44.4 billion in the annual current account deficit compared to May 2023. In the first eight months of the year, portfolio inflows were $24.9 billion, while the external debt rollover rates for banks and the real sector stood at 167% and 132% respectively. The decrease in the current account deficit and the strong outlook in external financing bolster our macro financial stability, enhancing the resilience of our economy.”