2027-2029 Budget Call Published
The new period budget and investment circular published with the signature of the Presidency highlighted fiscal discipline, the liquidation of inefficient expenditures, and strict austerity measures.
With the 2027-2029 Period Budget Call Communiqué and Public Investment Program Preparations Circular published in the Official Gazette under the signature of President Recep Tayyip Erdoğan, the preparation works for the central government budget have officially commenced.
New Regulations Published in the Official Gazette
The 2027-2029 Period Budget Call Communiqué and Public Investment Program Preparations Circular published by the Presidency entered into force to guide the preparation works of the central government budget.
Fiscal Discipline and Macroeconomic Targets
Strengthening macroeconomic and financial stability in line with the targets of the Twelfth Development Plan, maintaining fiscal discipline, and ensuring price stability are among the primary objectives.
Efficiency and Liquidation in Public Expenditures
In order to increase efficiency in public expenditures, inefficient spending areas will be liquidated, and permanent expenditures will strictly not be created against temporary revenues.
Strict Austerity Steps in Public Vehicles
Public vehicles will be comprehensively reviewed with an austerity mindset, and surplus vehicles will be disposed of to ensure resource efficiency in the public sector.
Limitations on New Investment Projects
According to the investment program circular, except for mandatory cases, no new projects will be included in the 2027 Public Investment Program, and maximum capacity utilization of the existing capital stock will be achieved.