2027 Central Government Budget Law Proposal Submitted to the TBMM
Cevdet Yılmaz announced that the 2027 budget is a budget of resilience, prosperity, and transformation that prioritizes macroeconomic stability, disinflation, and social welfare.
Vice President Cevdet Yılmaz announced at the ceremony at the Presidential Complex that the 2027 Central Government Budget Law Proposal will be submitted to the TBMM and shared the budget details.
Submission of the Budget Proposal to the TBMM
Vice President Cevdet Yılmaz made important statements at the 2027 Central Government Budget Binding Ceremony held at the Presidential Complex. Yılmaz announced that the prepared budget law proposal will be submitted to the Grand National Assembly of Turkey with the signature of President Recep Tayyip Erdoğan.
Basic Priorities of the Budget
It was stated that the newly prepared budget was designed with an approach that protects macroeconomic stability, supports the disinflation process, and strengthens investment, employment, and exports. Yılmaz emphasized that this budget is a concrete reflection of the Century of Turkey vision.
Historical Position and Periods
It was stated that the announced 2027 budget holds the distinction of being the 25th budget of the AK Party governments, the 9th budget of the Presidential Government System, and the 4th budget of the Century of Turkey.
Urban Transformation Appropriations
In line with economic balances and social needs, a major increase was made in urban transformation appropriations. It was shared that appropriations were increased by 176 percent to reach 276 billion liras.
Growth and Inflation Targets
According to the announced economic targets, the growth expectation for 2026 was determined as 3.3 percent, while the target for 2027 was projected at the level of 4.2 percent. It was noted that the inflation rate is expected to drop to 28.4 percent at the end of the year and to 21 percent by the end of 2027.