Statements on Disinflation and Funds from Minister Mehmet Şimşek at the Istanbul Economy Forum
Treasury and Finance Minister Mehmet Şimşek emphasized that the situation in the fund markets is under control and stated that the fight against inflation continues.
Speaking at the Istanbul Economy Forum, Treasury and Finance Minister Mehmet Şimşek stated that the disinflation process has slowed down partially due to the impact of war, but that they have not given up on this fight.
Disinflation Process and Fund Markets
Speaking at the Istanbul Economy Forum, Treasury and Finance Minister Mehmet Şimşek said that the disinflation process has slowed down partially due to the impact of war, but they are definitely not giving up on the fight.
Evaluating recent developments in the fund markets, Minister Şimşek gave the message that the situation is under control regarding the markets and emphasized that the Turkish economy continues to grow.
Medium-Term Program and Budget Targets
Stating that the primary goal of the Medium-Term Program is to ensure price stability, Şimşek announced that defense expenditures will be increased by 229 percent in the 2027 budget.
Drawing attention to the challenges and conflicts in the global economy, Şimşek stated that Turkey prioritizes macrofinancial stability and displays a tight stance in fiscal policy.
Growth Locomotives and Indebtedness Ratios
Stating that the time has come for the Eastern Anatolia and Southeastern Anatolia regions to become Turkey's new growth locomotives, Minister Şimşek shared details regarding economic planning.
Noting that Turkey is in an advantageous position compared to developing countries in terms of indebtedness ratios, Şimşek reported that the ratio of public debt to Gross Domestic Product is at the level of 22 percent.