Statement from Minister Şimşek on the Medium-Term Program and Cost of Living
Minister of Treasury and Finance Mehmet Şimşek stated at the MTP International Media Meeting that they take the cost of living seriously and will resolutely continue the disinflation program.
Minister of Treasury and Finance Mehmet Şimşek came together with foreign press members at the Medium-Term Program International Media Meeting held at the Presidential Complex, making important evaluations regarding economic policies and targets.
International Media Meeting Takes Place
Foreign press members came together under the auspices of the Presidential Complex within the scope of the Medium-Term Program covering the 2027-2029 period.
Message on Cost of Living and Disinflation
Minister of Treasury and Finance Mehmet Şimşek stated that they take the pressure of the cost of living extremely seriously and that they have been tasked with this issue by President Erdoğan.
Income Distribution and Wage Increases
Stating that an improvement has been observed in the Gini coefficient but the level is still high, Şimşek emphasized that the labor force's share of national income has increased over the last 3 years.
Selective Credit and Industrial Policies
Stating that the selective credit policy targeting the manufacturing industry is being implemented resolutely, the economic management supports digital and green transformation as well as labor-intensive sectors.
China Trade and Asian Targets
Drawing attention to the foreign trade deficit experienced with China, officials stated that talks are being conducted with Chinese partners to make this process sustainable and that Asia holds great potential.