On Monday, Turkey plans to unveil an updated medium-term economic programme outlining its strategy for the 2026–2028 period, with a focus on lowering inflation, achieving balanced economic expansion, and promoting long-term social well-being. Vice President Cevdet Yilmaz announced the release will occur during a press conference scheduled for 0600 GMT.\n\nThe plan will include core budget projections for the coming three years and revise macroeconomic forecasts in response to both international and domestic developments. Yilmaz emphasized that the government will also disclose its agenda for structural reforms.\n\nHe stated that the updated programme continues to prioritize disinflation, equitable growth, and sustainable prosperity, while also addressing recovery efforts from the devastating 2023 earthquake that claimed over 50,000 lives and damaged approximately 300,000 buildings.\n\nYilmaz noted strong backing for the initiative from President Tayyip Erdogan.\n\nThe previous version of the medium-term plan, released in September 2024, set a target of single-digit inflation by 2026 and projected economic growth of 5% by 2027.\n\nRecent official figures released on Wednesday show that Turkey’s annual inflation rate reached nearly 33% in August, exceeding expectations.\n\n— news from Reuters\n\n— News Original —\nTurkey to unveil medium-term economic programme on Monday, vice president says\nANKARA, Sept 7 (Reuters) – Turkey will on Monday unveil an updated medium-term economic programme, setting out the government ‘s economic roadmap for the next three years with a focus on reducing inflation, achieving balanced growth and delivering lasting social prosperity. \n\nIn a post on X on Sunday, Vice President Cevdet Yilmaz said the programme would be announced at a press conference at 0600 GMT. \n\nSign up here. \n\nThe programme will set out “fundamental budget figures for the 2026-2028 period”, and will update macroeconomic indicators in line with global and domestic developments, he said, adding that the government would also share its structural reform agenda. \n\n”While updating our programme, which focuses on continuing disinflation, balanced growth, lasting social prosperity, and fully healing the wounds of the earthquake, we are maintaining and strengthening our main policy framework,” Yilmaz said, in a reference to a 2023 quake which killed more than 50,000 people and damaged 300,000 buildings. \n\nHe also said the programme had strong support from President Tayyip Erdogan. \n\nIn its previous medium-term programme announced in September 2024, the government had said it aimed to reach single-digit inflation by 2026 and raise economic growth to 5% by 2027. \n\nOfficial data on Wednesday showed Turkey ‘s annual inflation came in higher than expected in August at nearly 33%.
