
Harsh reaction from the opposition as inflation forecasts were updated
AI-generated summary
The Medium Term Program is a basic policy document that determines Türkiye's macroeconomic targets. The government announces the results of the policies implemented within the scope of fighting inflation through this program.
Vice President Cevdet Yılmaz announced the Medium Term Program covering the period 2027-2029.
Accordingly, the year-end inflation forecast increased from 16 percent to 28.4 percent.
Inflation was predicted to decrease to 21 percent in 2027, 13.5 percent in 2028 and 9 percent in 2029.
Claiming that "We have made significant progress in the fight against inflation," Yılmaz said, "Inflation, which rose to 75.5 percent in May 2024, has entered a significant downward trend with the policies we have implemented."
"OVP" REACTION FROM THE NEW PARTY
NEW Party Group Deputy Chairman Murat Emir, regarding the announced Medium Term Program, said, "This text you announced is not a Medium Term Program, but a document of the Palace to oppress the workers and impoverish the people."
"YOU WILL HAVE TO ACCOUNT FOR THIS WRINKLE AT THE BOX"
In his statement on his social media account, Emir stated the following regarding the Medium Term Program:
"The promises of those who told the citizens to 'Tighten the belt' and did not compromise on pomp were short-term. You put the blame on the workers with the tale of 'We are reducing inflation' in 2023. You said the 2026 target was 16 percent, you jumped it to 28.4 percent. There is not a single prediction that holds, not a single data that does not collapse. This text you explained is not a Medium Term Program, it is the Palace's plan to oppress the workers and impoverish the people. document! You will pay for this wreck at the ballot box."
Minister of Justice Akın Gürlek stated in his social media account that the aim is to increase the effectiveness of justice services, facilitate access to justice and strengthen legal predictability within the framework of the Medium Term Program (MTP). He also stated that he will continue to work to make trial processes more effective, strengthen alternative dispute resolution management and develop digital resolution platforms, online dispute and electronic hearing methods. It was also emphasized that legislative studies will be carried out to prevent the abuse of the concordat institution and to eliminate the disruptions caused by its application in commercial life.

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