Circular Published for the 2027-2029 Public Investment Program Preparations
Within the framework of austerity measures, it was announced that no new projects will be included in the 2027 Public Investment Program except in mandatory cases.
According to the circular signed by President Recep Tayyip Erdoğan, austerity measures will be applied to public investments for the 2027-2029 period, and no new projects will be included in the program except in mandatory cases.
Macroeconomic Stability and Objectives
The Twelfth Development Plan is being implemented for the 2024-2028 period in order to increase citizens' welfare and protect macroeconomic stability.
Ensuring savings in public expenditures, reducing inflation, and strengthening fiscal discipline are among the primary priorities.
Principle of Cost-Effectiveness and Social Benefit
While achieving maximum savings in public investment expenditures, priority will be given to economic and social infrastructure investments that support development potential.
Care will be taken to ensure that investments are cost-effective and efficient, and that the existing capital stock is used more effectively.
No New Projects Except in Mandatory Cases
Within the scope of the published circular, due to austerity measures, no new projects will be admitted to the 2027 Public Investment Program except in mandatory cases.
Emphasis will be placed on necessary maintenance and repairs to utilize the existing public fixed capital stock at maximum capacity.
Preparation Process and Responsibilities
Public administrations will submit potential change proposals regarding investment offers to the Presidency of Strategy and Budget through the Public Investments Information System.
Organizations are required to comply with the ceilings determined during the preparation process and the procedures and principles set forth in the guide.