Fiscal policy

The government and the realty market are pinning significant hopes on the success of the "Renovate-Rent" program ("Anakainizo-Enoikiazo" in Greek), in order to increase the supply of available apartments for long-term renting. 

The Organizations for Economic Cooperation and Development (OECD) has lifted its GDP growth forecast for the Turkish economy for 2024 from a previous 2.9 percent to 3.4 percent.

Investment activity is expected to remain strong partly due to the ongoing reconstruction following the 2023 earthquake, the Paris-based organization said in in its latest quarterly report, released on May 2.

Those who will receive holiday vouchers worth up to €400 have been selected

The medium-term economic program is working and yielding the desired results, Finance Minister Mehmet Şimşek has said, vowing to further strengthen the program. 

"We are determined to resolve Türkiye's macroeconomic problems," Şimşek said in a speech he delivered at the Uludağ Economy Summit.

The Minister of Health emphasised growth in public expenditure in healthcare

Last year's primary surplus in Greece proved significantly higher than the budget estimate for 1.1% of gross domestic product, reaching 1.9% of GDP and making it easier to meet this year's target of 2.1% of GDP.

The central government debt stock was 7.5 trillion Turkish Liras ($232 billion) at the end of March, the Treasury and Finance Ministry has said.

Some 2.7 trillion liras of the debt stock is denominated in the local currency, and 4.8 trillion liras is denominated in foreign currencies, the ministry said in a statement.

Today's teenagers, the children born during the debt crisis of the previous decade, who will enter the labor market around 2030, will be able to retire at the age of 72.5 having worked at least 38.5 years, according to the European Commission's 2024 Aging Report - Economic and Budgetary Projections for the EU Member-States 2022-2070. 

Treasury and Finance Minister Mehmet Şimşek has said they will continue to support the Central Bank's fight against inflation with fiscal policy.

The economic program aims to restore price stability and fiscal discipline while addressing macroeconomic challenges, such as reducing the current account deficit, Şimşek stressed.

Funds amounting to 4 billion euros have been allocated specifically for small and medium-sized enterprises, Alternate Minister of National Economy and Finance Nikos Papathanasis said on Friday at the Delphi Economic Forum.