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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 countdown has begun for the updated Medium Term Program (MTP) that will guide the next three years of the Turkish economy. The highly anticipated new road map will be shared with the public at a special meeting to be held at the Presidential Complex on Sunday at 11:00.
Announcing the development on the social media platform, Vice President Cevdet Yılmaz emphasized that they will continue to follow a stable and predictable policy in a conjuncture where global and regional risks increase. Yılmaz stated that new strategic priorities have been integrated into the program and said, "I hope that the program, which is a reflection of our common mind and institutional knowledge, will be beneficial to our country and I would like to thank those who contributed."
PRIORITY INFLATION AND STRUCTURAL REFORMS
MTP, which was shaped by the joint work of the Ministry of Treasury and Finance and the Presidency Strategy and Budget Directorate; It serves as a basic compass for macroeconomic dynamics such as the fight against inflation, employment, growth targets and price stability.
In the new document to be announced on Sunday, it is expected that the structural reform calendar, appropriation offer ceilings of public administrations and growth policies will be at the forefront. The new targets will officially come into force by being published in the Official Gazette following the approval of President Recep Tayyip Erdoğan.
WHAT GOALS ARE IN THE CURRENT PROGRAM?
In the MTP, which is currently in force and covers the period 2026-2028, macroeconomic expectations were listed as follows:

While Turkey's per capita income increased to $18,040 in 2025 and real GDP grew by 3.6%, it still remains an upper-middle income country according to the World Bank's atlas method. While high inflation increases nominal GDP in dollar terms, real output and welfare do not increase at the same rate. The industrial PMI index remained in the contraction zone for most of the five years, while employment decreased, working hours increased and the broadly defined idle labor rate reached 29.9%. This raises the argument that growth can be impoverishing.

Civil servants and civil servant retirees were given a 7 percent collective agreement raise in the second half of this year, but more than half of the raise was eroded as the two-month inflation was approximately 3.65 percent. Türkiye Kamu-Sen, Memur-Sen and United Kamu-İş demanded an additional raise, a rolling increase and a 50 percent increase to compensate for the losses.

Turkish Statistical Institute announced the special comprehensive CPI indicators adjusted for seasonal effects for August. While the general CPI increased by 2.29 percent monthly, the highest increase in the energy sector was recorded at 5.46 percent.

TurkStat announced that August inflation was 1.84% and annual inflation was 31.51%. Local-Sen reacted to these figures and stated that the slowdown in the rate of increase in prices does not mean that prices have fallen, that salaries lag behind the cost of living and that workers are struggling to make ends meet.

The French Ministry of Finance announced that the macroeconomic impact of extreme heat will be limited and a 0.1% decrease in growth forecasts is predicted. Environment Minister Monique Barbut stated that the total cost could reach 15 billion euros.

The 2026-2027 Aquaculture Hunting Season was opened with a ceremony held at the Waterside Fisherman's Shelter in Güzelbahçe, Izmir. AK Party General Secretary and Izmir Deputy Eyyüp Kadir İnan emphasized that agriculture and food production is the top priority, and stated that Turkey's aquatic products exports exceeded 1 billion dollars in the first six months of 2026 and that Izmir Fisheries Market ranked first in Turkey with a transaction volume of 50 thousand tons.