17.09.2025 12:20
The Minister of Treasury and Finance, Mehmet Şimşek, stated that global crises, drought, and earthquake expenditures, as well as the lawsuits filed against the CHP, have created uncertainty in the economy, saying, "There is almost nothing that hasn't happened to us."
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The Minister of Treasury and Finance, Mehmet Şimşek, made important assessments regarding the economy agenda during a broadcast on A Haber. Stating that there are many topics from global risks to domestic politics, from inflation to earthquake expenditures, Minister Şimşek expressed that the lawsuits filed against the CHP have also created uncertainty in the economy.
"WE HAVE EXPERIENCED IT ALL"
Noting that the year 2025 has been filled with challenges both globally and locally, Şimşek referred to the lawsuits against the CHP, saying, "This year, we said that we have almost experienced it all. We faced drought, we faced frost, there was war in our region, and there are Trump's trade wars. Now, of course, uncertainty has arisen due to a lawsuit inside the country," he stated.
COST OF THE EARTHQUAKE IS 90 BILLION DOLLARS
Şimşek also drew attention to the effects of the major earthquake that occurred in February. Emphasizing that the earthquake has serious consequences not only on the budget but also on inflation, Minister Şimşek said, "The state has spent a total of 3.6 trillion lira, which is approximately 90 billion dollars, for the earthquake-affected region so far. This was used for reconstruction and to meet the needs of our citizens. The budget deficit is inflationary; we managed this by borrowing from the market to prevent inflation from spiraling out of control," he said.
MESSAGE OF DECREASE IN INFLATION
Emphasizing their determination in the fight against inflation, Şimşek stated that core goods inflation has fallen below 20%, while food inflation has risen above 30% again due to drought. The Minister said, "We believe that by the end of the year, headline inflation will fall below 30%. Our target for next year will be below 20%. We will ensure price stability in the medium term," he stated.
COST OF LIVING
Şimşek mentioned that increases in items such as rent and education have pushed headline inflation up, but a significant portion of the population does not pay rent and the public offers free education opportunities. "Our citizens rightly want the cost of living to decrease as soon as possible. We are open to criticism. However, there is now a noticeable decrease in inflation, and price tags are not changing at the old pace," he stated.
"A BALANCED PICTURE DESPITE CHALLENGES"
Minister Şimşek also shared his expectations for 2026. He stated that global trade will slow down, protectionism will increase, but financial conditions will become more favorable. Evaluating the forecasted decrease in oil prices as an advantage for Turkey, Şimşek said, "Despite the challenges, there is a balanced picture. Turkey's structural advantages, strong integration opportunities, and the rise in defense industry exports create opportunities for our economy," he said.
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