Circular on the 2027-2029 Public Investment Program Preparations Published in the Official Gazette
The new term investment circular, prepared to protect macroeconomic stability and ensure maximum savings in public expenditures, has entered into force.
Published in the Official Gazette with the signature of President Recep Tayyip Erdoğan, the Circular on the Preparations for the 2027-2029 Public Investment Program has clarified savings measures in public expenditures and new spending priorities for the upcoming period.
The Circular's Place in the Official Gazette
The Circular on the Preparations for the 2027-2029 Public Investment Program entered into force after being published in the Official Gazette with the signature of President Recep Tayyip Erdoğan.
Main Objective and Planning Principles
The principles of the Twelfth Development Plan are taken as a basis in order to increase the welfare of citizens, protect macroeconomic stability, and support production.
Savings Measures and New Projects
In line with sustainable growth targets, it has been decided to resort to savings in public expenditures and to exclude new projects except for mandatory cases.
Investment Policy and Priorities
Investment policy is structured to focus on industrial infrastructure, production capacity, energy supply security, and projects nearing completion.
Service Buildings and Vehicle Requests
New public service building investments and public institutions' vehicle requests have been tied to strict rules, and specific justifications and criteria will be required.