The Turkish government has unveiled its new economic program for 2025-2027, aiming to combat inflation and stimulate growth amid ongoing economic challenges. Vice President Cevdet Yilmaz highlighted the program's focus on reducing inflation to single-digit levels and enhancing productivity-based investments. The government also seeks to ensure a fair distribution of income and improve overall well-being across society. Treasury and Finance Minister Mehmet Simsek emphasized the importance of achieving price stability as a priority. While the program sets ambitious inflation targets, it also acknowledges a slight reduction in growth expectations and aims to create a balanced economic environment through integrated policies.
The new economic framework anticipates a gradual decline in the unemployment rate and an increase in national income, with specific projections for exports and imports over the coming years. Economic researcher Muhammad Abu Alian noted that the program reflects a shift towards financial discipline and austerity measures, aiming to bridge the gap between previous expectations and actual economic performance. Despite the challenges posed by currency fluctuations and inflation, the government remains committed to its medium-term goals, which could potentially alleviate the ongoing economic crisis in Turkey.
