Medium Term Program 2024-2026 has been announced.

The Medium Term Program (2024-2026), in which the basic macroeconomic aggregates and policies are determined, was published in the Official Gazette dated 06 September 2023 and numbered 32301 (duplicate).


You can access the entire program HERE.

Regarding the 2024-2026 period in the Medium Term Program;

There are basic macroeconomic targets such as.

· Inflation,

· Employment,

· Growth

2023 growth expectation increased from 5 percent to 4.4 percent compared to the previous program

2024 growth target from 5.5 percent to 4 percent,

The 2023 inflation forecast, which was determined as 24.9 percent in the previous program, was increased to 65 percent,

2024 inflation forecast is 33 percent

has been revised

Summary Information regarding the program content within the scope of Environment:

The program focused on the following issues within the scope of environment.

Green and digital transformation (Pages 34-35-36),

2053 net zero carbon target, Zero waste (Page 32),

Borderline carbon regulation mechanism (SKDM) (Page 31,36,37)

Carbon pricing mechanism & taxes (Pages 26, 31)

Environment, Environmental, Social and Governance (ESG) criteria, prioritizing domestic production and environmentally friendly vehicles (Pages 18-29-31),

Establishing a third-party assurance and verification system for Environmental, Social and Governance reporting and ensuring the integration of data within this scope into the system to be created (Page 36)

Accelerating participation in international financial markets within the framework of Environmental, Social and Governance criteria, developing innovative and sustainable financing tools for green transformation (Page 36)

Increasing efficiency in energy consumption (Page 31)

Emission trading system (ETS) (Page 31)

Developing alternative methods to create industrial zones, organized industrial zones, small industrial sites and private investment areas in a sustainable manner that is compatible with the supply chain in terms of access to raw materials, logistics, energy, railway, port connection and environmental aspects (Page 39)

Climate change policies,

Despite the positive developments in the first half of 2023, risks such as the pressure that exchange rate pass-through will put on import prices in countries whose currencies have depreciated, the fluctuations that the Russia-Ukraine war and uncertainty in the grain corridor may cause in food, energy and fertilizer prices, and climate change-related developments on agricultural production. (Page 8)

Reconstruction works after the earthquake (Page 19)