16.10.2025 13:19
The Vice President Cevdet Yılmaz announced the 2026 Central Government Budget. Yılmaz stated, "We expect the Turkish economy to grow by 3.3% in 2025 and by 3.8% in 2026." He noted that the largest share, amounting to 2 trillion 896 billion TL, is allocated to education, and he expressed that the inflation target for the end of 2026 is 16%.
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Vice President Cevdet Yılmaz spoke at the 2026 Central Government Budget Law Proposal Information Meeting.
Here are the main points from Cevdet Yılmaz's statements:
The Medium-Term Program aims to strengthen financial stability, maintain fiscal discipline, and permanently reduce inflation to single digits while ensuring price stability. Rebuilding in areas affected by the earthquake and creating disaster-resilient cities will continue to be our priority in this budget as well.
2026 GROWTH TARGET
Our economy achieved a growth rate of 3.3% in 2024. We expect our economy to grow by 3.3% again in 2025. Due to global uncertainties and the impact of moderate global growth outlook, the Turkish economy is expected to grow by 3.8% in 2026.
INFLATION TARGET 16%
The unemployment rate is expected to decrease to 8.5% in 2025. The unemployment rate is expected to decline to 8.4% in 2026. For 2026, we anticipate achieving our export target of 282 billion dollars by maintaining uninterrupted growth in exports.
Our year-end inflation target for 2026 is 16%. Achieving single-digit inflation is our primary goal.
BUDGET EXPENDITURE ESTIMATE 18 TRILLION 929 BILLION TL
We anticipate that budget expenditures will be 18 trillion 929 billion lira and budget revenues will be 16 trillion 216 billion lira in 2026.
LARGEST SHARE FOR EDUCATION
We are increasing our education budget, including higher education, to 2 trillion 896 billion lira in 2026. We allocate the largest share of 15.3% to education again.
We foresee a total allocation of 2 trillion 155 billion lira, including 1 trillion 202 billion lira for defense expenditures and 953 billion lira for internal security.
NATIONAL INCOME EXPECTED TO BE 62.2 TRILLION
We expect our national income for this year to be 62.2 trillion lira. In 2026, Turkey's economic size is expected to reach 77 trillion lira.
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