Türkiye’s Economic Coordination Board reviewed preparations for the 2027-2029 Medium-Term Program at a meeting chaired by Vice President Cevdet Yılmaz on August 24. According to the statement released after the meeting, the board discussed policy priorities, macroeconomic projections and budget aggregates for the program period. The statement does not announce final targets for growth, inflation or the budget. Those figures are expected to become clear when the updated program is formally published.
What the board discussed
A statement shared through Yılmaz’s official social-media account said the work is being conducted with global and domestic developments in view. It also said the government is considering input from public institutions, the private sector, civil-society organizations, professional bodies and academia. Board members reviewed structural-policy areas and measures that could support the program’s objectives. This remains a preparation and consultation stage; it does not mean that every measure under discussion has been finalized or put into effect.
The board said the 2027-2029 period would prioritize investment that improves productivity and competitiveness, along with reforms supporting production, employment and exports. It also referred to coordinated structural reforms designed to complement monetary and fiscal policy. Supply-side measures, particularly in food and housing, were presented as part of the approach to inflation. These statements indicate a policy direction, but the scope, cost and eligibility rules of any new support measures have not yet been announced.
The government’s current economic assessment
The meeting statement said the disinflation process is continuing, exports are maintaining an upward trend despite difficult global conditions and high commodity prices are creating pressure on the current account. It also said the budget deficit remains aligned with program targets and that fiscal discipline will be maintained. These are the Economic Coordination Board’s official assessments rather than a separate release of new statistical data.
The board also summarized several previously announced financing measures for manufacturing and exports. It said an employment premium support for selected manufacturing industries had risen to 3,500 lira per worker, while the daily rediscount-credit ceiling for exporters increased from 4.5 billion to 5 billion lira. The statement also referred to a 750-billion-lira ceiling for the Investment-Linked Advance Loan Program, 250 billion lira in new manufacturing credit and 60 billion lira in additional Treasury-backed financing for tourism. These figures describe measures cited in the board statement; they should not all be presented as decisions first adopted at this meeting.
Why the Medium-Term Program matters
Türkiye’s Medium-Term Program sets out the central government’s main economic framework for the following three years. It includes projections and policy priorities for growth, inflation, employment, foreign trade, the current account and public finances. Budget preparations are connected to this macroeconomic framework. Publication of the 2027-2029 program will therefore update both the government’s medium-term targets and the assumptions used in fiscal planning.
The significance of the August 24 meeting lies in showing where the preparation process is focused, not in announcing new target numbers. The official statement identifies food and housing supply, productivity, competitiveness, production, employment and exports as priority areas. Until the final document is released, it would be premature to state exact target rates, budget totals or support conditions. The published program will show how the policy direction described by the board is translated into measurable objectives and a timetable.
