In the circular published with the signature of President Recep Tayyip Erdoğan, it was stated that the Twelfth Development Plan was implemented in the 2024-2028 period in order to maintain macroeconomic stability, increase production and increase the welfare level of the society in line with the aim of increasing the welfare and happiness of citizens to higher levels.
In the circular, it is emphasized that in order to achieve sustainable growth, which is the main target in this period, savings in public expenditures, maintaining price stability by reducing inflation, increasing domestic savings, reducing the current account deficit, further strengthening public financial balances and fiscal discipline will be among the priorities; It was stated that the aim was to preserve macroeconomic and financial stability.
In the circular, it was stated that the basic principle would be to allocate and efficiently use the resources allocated to public investments in order to increase the speed and quality of public services within the framework of these targets and priorities, in a way that will contribute to the policies targeted for the next period to the maximum extent.
The circular noted that while saving the maximum level of public investment expenditures, priority would continue to be given to economic and social infrastructure investments that support the development potential, and the following statements were included:
"Public sector investments will be designed and implemented to complement private sector investments with a holistic approach. Public investment priorities will be determined to support innovative and productive investments of the private sector and trade, and priority will be given to qualified infrastructure investments that will improve the business, production, investment and living environment. While the resources allocated to public investments are directed to infrastructure areas that will meet priority social needs and support productive activities, the investments will be realized in a cost-effective, efficient and timely manner, the existing capital stock will be used more effectively and investment expenditures will be transferred to the economic and social environment as soon as possible. "Utmost care will be taken to turn it into benefit."
Emphasis on "saving measures"
In the circular, it is stated that in the preparations of the 2027 Public Investment Program, the objectives, policies, priorities and financial framework in the Twelfth Development Plan and the 2027-2029 period Medium Term Program (MTP) prepared accordingly will be taken as basis, and it is also noted that the strategic plans of public administrations will be taken into account, provided that they are compatible with the MTP.
In the circular, it was underlined that in project-based fund proposals and allocations, priority would be given to ongoing priority projects that can be completed in the shortest time, and stated the following:
"Within the scope of savings measures, no new projects will be included in the 2027 Public Investment Program, except in cases of necessity. Necessary maintenance and repairs will be given importance in order to benefit from the existing public fixed capital stock at maximum capacity, and projects that do not directly serve the urgent needs of our citizens and the increase in added value in the economy will not be proposed."
In the circular, all organizations are required to take into account the stated issues and the priorities, principles and investment ceilings in the "2027-2029 Period Public Investment Program Preparation Guide" in the next period regarding the preparations of the 2027 Public Investment Program, and to immediately propose project-based changes, if any, in the investment proposals they sent based on the Investment Requests Announcement of the Strategy and Budget Presidency dated 17 June 2026, provided that they remain within the ceiling. It was reported that they should send it to the Strategy and Budget Directorate via the Public Investments Information System (KaYa) located at "kaya.sbb.gov.tr".
In the annex of the circular, the "2027-2029 Period Public Investment Program Preparation Guide" and tables regarding investment ceilings were included.
