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Türkiye’s Vice President Cevdet Yilmaz announced Sunday that the government will unveil its updated Medium-Term Program (MTP) on Sept. 8, outlining the country’s economic roadmap for 2026–2028.
The plan, prepared with what officials described as a participatory approach, will be presented at a press conference scheduled for 9.00 a.m. local time (GMT+3).
Yilmaz said the updated framework had been prepared "with a participatory approach" and will revise macroeconomic indicators for 2025 while setting out the budget framework and reform agenda for the following three years.
He added that the program would remain centered on "disinflation, balanced growth, lasting social welfare, and recovery from last year’s earthquake."
According to Yilmaz, the government aims to maintain its policy framework while strengthening it further.
"With the strong political ownership of our president and the support of our nation, we will move decisively toward the targets we have set," he said.
The current MTP, which covers 2025–2027, projects annual growth of 4% in 2025, 4.5% in 2026, and 5% in 2027.
However, year-end GDP growth estimates remain below the 2025 target, with the IMF projecting a 3.0% expansion and the World Bank forecasting 3.1%.
In an August interview, Treasury and Finance Minister Mehmet Simsek also said the year-end growth rate is likely to come "slightly" below the MTP target.
Inflation was forecast at 17.5% for 2025, declining to 9.7% in 2026 and 7% in 2027.
These targets also remain above the Turkish central bank's latest forecasts in the 3rd Inflation Report of the year, as it projected a 24% rate for the year-end, 16% for 2026, and 8% for 2027.
As of August 2025, the annual inflation rate was recorded at 32.9%, marking a 14th consecutive month of decline.
The budget deficit-to-GDP ratio was targeted at 3.1% for 2025, narrowing to 2.5% by the end of the program period. In 2024, the rate was -4.9%, aligning with the expectations.
Unemployment was expected to ease gradually from 9.6% in 2025 to 9.2% in 2026 and 8.8% in 2027.
As of July, the jobless rate in Türkiye declined to 8%, the lowest over the decade.
Under the existing program, exports were expected to reach $279.6 billion by the end of 2025, increase to $296.1 billion in 2026, and rise further to $319.6 billion in 2027.
Imports were forecast at $369 billion for 2025, $390.6 billion for 2026, and $417.5 billion for 2027.
According to the latest foreign trade figures in August, Türkiye's annualized exports reached $269.2 billion, while imports totaled $340.5 billion.
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