Turkish government to revise medium-term program while maintaining key policy framework
Türkiye is set to update its medium-term program (MTP) with no major changes to its core framework, according to Vice President Cevdet Yılmaz. The update, scheduled for the first week of September, will build upon the three-year road map unveiled last year, focused on structural reforms to curb price hikes and promote sustainable growth.
Prepared annually by the Ministry of Treasury and Finance and the Presidency of Strategy and Budget, the MTP sets out goals for macroeconomic stability, increased productivity, and green and digital transformation. The update will take into account global and domestic developments, with input from various stakeholders including NGOs and professional organizations.
Recent economic improvements, such as decreasing inflation and a strengthening current account balance, have set a positive foundation for the update. The government’s policies have been credited for these achievements, leading to credit rating upgrades and improved investment prospects. Sustainable Agriculture and vocational training were also discussed as part of the broader economic agenda.
Overall, the upcoming MTP update aims to maintain key policy priorities, review macroeconomic indicators, and continue the structural reform agenda in line with recent progress and stakeholder input.
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Sofia Martins graduated from the Technical University of Madrid with a degree in Agronomy, focusing on plant nutrition and soil science. She has a deep interest in sustainable fertilizer management and works to develop eco-friendly solutions that optimize plant growth while minimizing nutrient runoff. Sofia is a dedicated researcher and has published several articles on sustainable plant nutrition practices.