Türkiye Plans Updated Medium-Term Economic Program for 2026–2028

Türkiye is set to unveil its updated Medium-Term Program (MTP) for 2026–2028, detailing the government's economic roadmap with a focus on reducing inflation, achieving balanced growth, and delivering lasting social prosperity. The program, supported strongly by President Tayyip Erdogan and announced by Vice President Cevdet Yilmaz, will include fundamental budget figures, revised macroeconomic indicators, and a structural reform agenda. It aims to continue disinflation efforts, promote balanced growth, and support recovery from the devastating 2023 earthquake. Despite previous targets aiming for single-digit inflation by 2026 and 5% growth by 2027, inflation remains high at nearly 33% as of August 2025, and growth forecasts from the IMF and World Bank fall below official targets. The MTP will also set expenditure ceilings for public institutions and outline policies on fiscal discipline, employment, and competitiveness, emphasizing coordinated monetary, fiscal, income, and supply-side policies. Officials describe 2026 as a year of economic reform, with the program expected to strengthen the existing policy framework and guide Türkiye toward its economic goals amidst global and domestic challenges.