Ranging from disaster management, export promotion, disinflationary policies to digital and green transformations, the MTP covers significant aspects of the needs of the Turkish economy by offering a realistic and comprehensive plan, say experts.
Turkish President Recep Tayyip Erdogan attended the launch of Medium Term Programme at the Presidential Complex in Ankara, Türkiye on September 6. /Photo: AA
During this period, the aim is to achieve a domestic product growth rate of 4.5 per cent — with a projected rate of 4 per cent for the next year, 4.5 per cent in 2025 and 5 per cent in 2026, said Vice President Cevdet Yilmaz. "Through fiscal discipline and structural reforms, we will make our economy resilient to any kind of storm. We've done it before, and we'll do it again. Another crucial aspect of our program is attracting foreign investment to our country," he said.
In addition to these areas, disaster management is a new entrant in the programme, with ‘green’ and digital transition goals continuing to be part of the agenda.The programme estimates that by year-end, Türkiye’s inflation rate will reach 65 per cent, and further fall to 33 per cent by the end of next year, 15.2 per cent by end-2025 and 8.5 per cent by end-2026.
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