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Target of 20 Million Participants in the Private Pension System with the 2027 Budget Bill
The 2027 Central Government Budget Law Proposal aims to increase the number of participants in the Private Pension System to 20 million by the end of 2029 and to make the Automatic Enrollment System more attractive.
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Economy
Tax Revenues and Public Personnel Overtime Pay Determined in 2027 Budget Proposal
Turkey's 2027 budget proposal targets tax revenues of 22.1 trillion liras. While 6.3 trillion liras are allocated for public personnel, civil servants' overtime pay will be increased by 20 percent to 19.85 liras. A 507 percent increase is projected in real estate sales revenues.
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Economy
Politics
2027 Budget Proposal Submitted to the Grand National Assembly of Turkey (TBMM): 35 Percent Increase Target in Tax Revenues
According to the 2027 budget proposal, tax revenues are targeted to increase by 35.8 percent to reach 22.1 trillion TL, while budget negotiations are set to begin at the TBMM Planning and Budget Committee.
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