
AI-generated summary
Minister of Treasury and Finance Şimşek evaluated the goals and challenges of the current economic program at the MKYK meeting. He stated that shaping pricing behavior based on past inflation makes it difficult to fight inflation.
AYŞEGÜL KAHVECİOĞLU / ANKARA - At MKYK, which lasted approximately two hours, Minister of Treasury and Finance Şimşek made a presentation in which he explained the fight against inflation, interest policy and economic targets for the coming period.
In his presentation, in which he pointed out the goals of the current economic program and the difficulties encountered, Şimşek made the assessment that shaping pricing behavior according to past inflation made it difficult to fight against inflation. At the meeting, the opinion that determining rent and other price increases based on past inflation created a "vortex" in the economy was expressed. Şimşek stated that the fluctuations in the exchange rate due to geopolitical developments and the impact of wars on the economy are among the risks to taking rapid steps in interest policy.
NEW FORMULAS
One of the notable topics of the meeting was the possible arrangements for retirees. At the meeting, a suggestion was made to provide housing and food support for needy citizens over the age of 60. It was also stated that different formulas could be worked on to increase the income of retirees. It was learned that Şimşek stated that work will be done on retirees in the coming period, and that he gave the message that some regulations for retirees may come to the agenda, especially in 2027 and 2028.
AI outlook — possibilities, not facts
New regulations for retirees will come to the fore in 2027 and 2028
Likely · Within years
The OECD's Financing Social Protection report recommends increasing capital income, inheritance, property and wealth taxes to close the financing gap as population aging and flexible working patterns reduce labor incomes and social protection spending increases.

Citizens in Kadirli district of Osmaniye expressed their complaints by stating that they could not eat meat due to rising meat prices; Some citizens stated that they stuffed cotton in their noses to avoid smelling kebab.

Vice President Cevdet Yılmaz, together with Minister of Treasury and Finance Mehmet Şimşek and Presidential Strategy and Budget President İbrahim Şenel, presented their economic forecasts for the 2027-2029 period to foreign press members at the Medium Term Program International Media Meeting. Yılmaz discussed issues such as the contraction in industrial production due to the impact of the global war, the increase in oil and commodity prices, the temporary increase in the current account deficit and the revision of inflation. He also emphasized positive developments such as increasing confidence in the Turkish lira, a significant increase in reserves, public and private sector debt ratios being at reasonable levels, and national income reaching 1.8 trillion dollars.

The application date and conditions for the First Home mortgage loan with 1.20 percent interest, which is on the agenda of those who want to own a home, have not been officially announced yet. Technical studies are expected to be completed.

İYİ Party Deputy Chairman Erhan Usta criticized the Medium Term Program announced by Treasury and Finance Minister Mehmet Şimşek and Vice President Cevdet Yılmaz and stated that inflation decreased by only 6.7 points after 38 months of implementation. Usta said that the program did not work, that the main factor of failure was the lack of trust in Erdoğan, and claimed that the high interest policy only benefited carry traders.

The countdown has begun for the updated Medium Term Program (MTP), which will determine the next three years of the Turkish economy. It will be shared with the public at a special meeting at the Presidential Complex on Sunday at 11:00. The fight against inflation, structural reforms, employment and growth targets will be at the forefront of the program.