Turkey Announces 2027-2029 Medium-Term Economic Program

Framework of the Medium-Term Program The Medium-Term Program (MTP) is a three‑year framework that sets Turkey’s macro‑economic objectives, revenue‑expenditure‑debt outlook, and budget process.
It is prepared as part of the annually updated Development Plan and includes spending ceilings and reform agendas for public administrations.
Updated Forecasts for 2026 Growth: 3.3% Inflation: 28.4% National income: $1.8 trillion Per‑capita national income: $20,000 Targets for 2027‑2029 2027 – Growth 4.2%, Inflation 21% 2028 – Growth 4.6%, Inflation 13.5% 2029 – Growth 5.0%, Inflation 9% Key Points Emphasized in the Presentation Yılmaz summarized the current global economic situation, Turkey’s progress during the period, and the policy and reform agenda of the MTP.
Statements from Relevant Officials Finance Minister Mehmet Şimşek, Presidential Chief of Staff Hakkı Susmaz, Presidential Strategy and Budget Chief İbrahim Şenel, Central Bank Governor Fatih Karahan, and Yılmaz all underscored that the 2026 growth target of 3.3% will be progressively strengthened to 4.2% in 2027, 4.6% in 2028, and 5.0% in 2029.
They also noted that inflation will fall to 28.4% in 2026, 21% in 2027, 13.5% in 2028, and 9% in 2029.
Yılmaz's Assessment Turkey’s economy will maintain stability and continue growing even amid new risks and uncertainties.
The announcement reinforces Turkey’s medium‑term economic planning toward sustainable growth and price stability.