New Medium-Term Program Covering the 2027-2029 Period to be Announced on Sunday

The Medium-Term Program for the 2027-2029 period, prepared by the Presidency's Strategy and Budget Directorate and the Ministry of Treasury and Finance, will be announced on Sunday, September 6. The program will reshape the fundamental macroeconomic targets of the Turkish economy, such as growth, unemployment, exports, and imports.

Expectation of Revision in Macroeconomic Targets

Deviations in the year-end targets for 2026 make it necessary to update inflation and current account deficit forecasts in the new program. According to CBRT data, the rise in the current account deficit expectation to 50.2 billion dollars and the divergence of inflation from initial targets highlight the need for revision.

Calls for Reform from the Business World

ISO President Erdal Bahçıvan, ITO President Şekib Avdagiç, and TIM President Mustafa Gültepe draw attention to the pressures of current economic policies on industry and exports. Business world representatives are calling for the update of the anti-inflation program and the implementation of reforms that will support industrialists.

Economists' Expectations from the Program

Economic experts argue that the new program to be announced should include a self-criticism regarding the targets that were not met in the previous period. The government taking economic responsibility and presenting a realistic roadmap is of critical importance for managing expectations in the markets.