Vice President Yılmaz said they aim to reduce inflation below 20% by 2026 and reach single digits again by 2027. The 2026 budget was approved in a vote in the National Assembly.
Vice President Cevdet Yılmaz spoke at the end of budget discussions in the National Assembly.
In his speech, Yılmaz said about economic and inflation targets: “With reform steps to strengthen the supply side and determination to manage demand, we aim to reduce inflation to below 20% by 2026 and reach single digits again by 2027.”
Cevdet Yılmaz said the following about the growth targets: “According to the targets of our Medium-Term Program, we predict to finish by the end of the year at 3.3%, which will support the deflation process. We estimate our growth at 3.9% in 2026.”
Vice President Yılmaz said that the Central Bank's total reserves reached $190.8 billion as of December 12 and said, “Total reserves increased by $27.3 billion compared to last year.”
A FAMOUS PRE-VOTE FIGHT
The 2026 budget was approved by the National Assembly with 320 votes in favor and 249 votes against.
On the other hand, a fight broke out among parliamentarians before the vote. The fight lasted about 10 minutes.
