Table 5. Turkey: Indicative Floors on the

Cumulative Overall Balance of the Consolidated Government Sector

	Floor (In trillions of TL)
Cumulative overall balance from January 1, 2001 to:
May 31, 2001 (indicative floor)	-4,750
July 31, 2001 (indicative floor)	-11,750
September 30, 2001 (indicative floor) December 31, 2001 (indicative floor)	-18,150 -27,800

1. The indicative floor(for December 31, 2001) on the cumulative overall balance of the consolidated government sector has been revised. The revision reflects a technical error in the calculation of the overall balance for SEEs. The new target for December 31, 2001 is given in this table, which replaces Table 44 of Annex D of the May 3, 2001 MEFP (EBS/01/69).

2. The overall balance of the consolidated government sector (CGS), Table 5, comprises the primary balance of the CGS as defined in Annex B (EBS/01/69), the net interest payments of the consolidated central government and the unemployment insurance fund and gross interest payments of the EBFs, SEEs, and SSIs, and the overall balance of any new government funds and institutions established after March 31, 2001. The monitoring of the different components of the overall balance will be as indicated in paragraph 1 of Annex B (EBS/01/69). Revenues of the CGS will be as defined in paragraph 2 of Annex B; i.e., excluding privatization proceeds.

3. All definitions and adjusters specified in Annex B to apply to the primary balance of the CGS will also apply to the overall balance of the CGS.