Cevdet Yılmaz Announces 2027 Budget Targets and Inflation Forecast

Vice President Cevdet Yılmaz shared macroeconomic targets for the new period with the public at the 2027 Central Government Budget Finalization Ceremony held at the Presidential Complex.

Budget and Parliamentary Process

The 2027 budget proposal, prepared to protect macroeconomic stability, support the disinflation process, and strengthen investment, employment, and exports, has been made ready to be submitted to the Grand National Assembly of Turkey.

It was stated that the budget for the new period was shaped in line with the principles of the 12th Development Plan and the updated Medium-Term Program.

Urban Transformation Investments

Within the scope of planned expenditures, it was announced that there was a major increase in the appropriation allocated for urban transformation, with this item being increased by 176 percent to 276 billion Turkish Lira.

Growth and Employment Expectations

It was noted that the Turkish economy is projected to grow by 4.2 percent in 2027, and that the unemployment rate is expected to decline to the 8 percent level with an increase of 657,000 in employment.

Inflation and Current Account Deficit Targets

It was announced that consumer inflation is projected to decline to 28.4 percent by the end of 2026, and the inflation forecast targeted for the end of 2027 has been set at 21 percent.

According to the statements made, the current account deficit is expected to fall below 2 percent of the national income in 2027.