Turkey's AKP election pledges to cost 1 percent of 2016 government spending - finance minister


Turkey's Finance Minister Mehmet Simsek speaks during an interview with Reuters in New Delhi February 24, 2015. REUTERS/Adnan Abidi

ANKARA (Reuters) - Economic pledges made by Turkey's ruling AK Party in its campaign for a Nov. 1 election will cost 1 percent of next year's government spending, Finance Minister Mehmet Simsek said in a televised interview on Wednesday.

Simsek told Turkey's Bloomberg HT broadcaster that budget performance would be better than expected this year despite negative developments, and that he did not plan any tax increases or new taxes in 2016.

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