Türkiye unveils 2027 budget proposal with big rises in housing spending
4 Articles
4 Articles
Türkiye targets 4.2% growth in 2027 as inflation forecast falls
Ankara, Oct. 16 (SANA) Türkiye expects economic growth to accelerate to 4.2% in 2027 from a projected 3.3% this year, while inflation is forecast to decline to 21% by year-end, Vice President Cevdet Yilmaz said Friday as he presented the government’s proposed budget.The government aims to raise annual growth to 5% by the end of its medium-term program through productivity gains, technological transformation and innovation. Türkiye’s economy grew…
Vice President Cevdet Yilmaz says inflation expected to fall to 21% next year, with budget spending projected at $551.2B
Vice President Cevdet Yılmaz stated, "Our budget is a budget of resilience, prosperity, and transformation that strengthens the security and resilience of our economy in the face of challenging conditions, transforms Türkiye's production power and competitive capacity, and translates our gains into social welfare."
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