Turkish Parliament SOE Commission Meets Tomorrow for 2023 and 2024 Accounts
The Turkish Parliament SOE Commission is launching an intensive four-month working marathon tomorrow, running until January 19, 2027, to examine the balance sheets and final accounts of 45 public enterprises.
The Turkish Grand National Assembly State Economic Enterprises Commission begins its four-month working session tomorrow, lasting until January 19, 2027, to discuss the balance sheets and final accounts for the years 2023 and 2024.
Commission Agenda and Scope
During the upcoming work of the Turkish Parliament SOE Commission, the financial tables and investment targets of public institutions, numbering 45 including their affiliated enterprises, will be addressed in detail. The financial performances of the institutions will be scrutinized during the audits, which will last approximately four months.
Hearing Dates for Critical Institutions
Among the large-budget public enterprises, the Turkish State Railways and TCDD Transportation will appear before the commission on November 4. The Turkish Electricity Transmission Corporation will be audited on January 6, while the Turkish Petroleum Corporation and Petroleum Pipeline Corporation will be audited on January 12.
Increase in Investment Appropriations
The total investment appropriation determined as 679.2 billion liras for State Economic Enterprises in 2026 will rise to 754.1 billion liras in 2027. Accordingly, an increase of approximately 75 billion liras is projected in the annual investment budget.
Focus of Investments
A significant portion of the planned investments consists of projects by public companies operating in the energy and railway sectors. These areas hold a priority position in terms of the shares they will receive from the budget.
Fiscal Balance and MTP Expectations
According to the 2027-2029 Medium-Term Program, the total balance of SOEs is expected to post a deficit of 377.8 billion liras in 2026, and turn into a surplus of 137 billion liras in 2027. These figures represent the difference between the revenues and expenditures of the institutions.
Balance Targets in Subsequent Years
Following the improvement expected to occur in the fiscal balance starting from 2027, this amount is projected to reach 349.8 billion liras in 2028 and 453.6 billion liras in 2029. These disclosed data do not include profit shares to be transferred to the Treasury.