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Central Bank assets rise 16 percent
$1.7 billion swap between Treasury and Central Bank
Lira is secured by Central Bank capabilities
Fiscal deficit narrows by 53 percent in first semester
First budget in 12 years passed by Parliament
Tax law revoked by Constitutional Council
Moody’s: tax hikes, budget are credit positive
GDP growth to accelerate to 2.5 percent this year
Proposed budget has $4.8 billion deficit
$3 billion bonds issued to repay maturing debts
$1 billion offer to avert tax hike rejected
Fiscal deficit up to near $5 billion
Half the taxpayers earn below $10,000 annually
Banks to generate $1.2 billion in taxes