SAVINGS PRIORITY IN PUBLIC INVESTMENTS
In the circular, it was stated that the Twelfth Development Plan was implemented in the 2024-2028 period and that in order to ensure sustainable growth, it was aimed to save money in public expenditures, reduce inflation, maintain price stability, increase domestic savings, reduce the current account deficit and strengthen public financial balances and fiscal discipline.
In this context, it was determined as the basic principle that the resources allocated to public investments should be allocated and used efficiently in a way that would provide maximum contribution to the targeted policies in the future period. While maximum savings will be made in public investment expenditures, priority will continue to be given to economic and social infrastructure investments that support development potential.
PRIORITY SOCIAL BENEFIT
The circular stated that public sector investments will be designed to complement private sector investments, and that priority will be given to innovative and productive investments of the private sector and qualified infrastructure investments that support trade and improve the business, production, investment and living environment.
The following statements were included in the circular:
"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 reduced to economic and social development as soon as possible. "Utmost care will be taken to turn it into benefit."
LIMITATION ON NEW PROJECTS
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.
