Türkiye aims to grow by 5 % and reduce inflation to 8 % by 2028
Ankara on September 8 / WAM / Jawdat Yilmaz, Turkish Vice President, revealed the features of the average economic program for the period from 2026 to 2028, stressing that the program aims to reduce the inflation rate to the Sunday field by 8% by 2028, and achieve economic growth of up to 5% in the same year.
During a press conference held today, Yilmaz said that the program aims to raise the gross domestic product to approach for the first time from 1.9 trillion dollars, with an individual’s income increased to 21 thousand dollars.
Yilmaz pointed out that the program aims to gradually reduce the inflation rate to 28.5% in 2025, and 16% in 2026, and aims to reduce the budget deficit rate for GDP to 3.5% in 2026, to reach less than 3% by the end of 2028.
The Turkish Vice President added that the current account deficit to GDP is expected to decrease to 1.3% in 2026, 1.2% in 2027, to 1% by 2028, supported by the expectations of tourism revenues to 75 billion dollars, and the unemployment rate decreased to less than 8%.
Yilmaz stressed that the economic policies followed during the past two years have contributed to raising the international reserves of Turkey to historical record levels, noting that the expected improvement in the current account balance will significantly reduce Turkey’s need for external financing and enhance confidence in the national economy.
– Khal –
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