Fiscal stability should be maintained before elections: Turkey’s top bosses group

ISTANBUL

Turkey’s top business organization has called for the avoidance of moves that may hurt Turkey’s fiscal stability before early elections are held on June 24, also voicing its members’ hopes about an election period in a free, democratic and fair climate.

The Business and Industry Association of Turkey (TÜSİAD) also urged the government to focus on policies that would maintain the country’s macroeconomic stability.

“Current global economic developments require a maximum attention to keep our economy stable even during the election period. Until early elections are held, policies that maintain our macroeconomic stability must be prioritized and any moves that could damage our financial stability must be avoided,” TÜSİAD said in a statement on April 19.

The group said it wanted a “free, democratic and fair election environment.”

“It is the responsibility of our state and all political parties to ensure that the presidential and general elections are held in a free, democratic and fair environment,” it said, reiterating that the elections would be held for the first time in a new constitutional framework and under the state of emergency conditions.

“We hope that an approach of mutual respect and tolerance will prevail,” TÜSİAD stated, warning of the danger of triggering social polarization or hurting Turkey’s EU accession process and relations with other countries.

It also said the new government to be formed after the election should “focus on economic reforms.”