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![\"\u015eim\u015fek](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/11\/6aec642a242372ca50175293.jpg\")
<\/p>\n ANKARA
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Treasury and Finance Minister Mehmet \u015eim\u015fek spoke during discussions on the Ministry\u2019s 2027 budget at parliament\u2019s Planning and Budget Committee. (AA Photo)<\/p>\n
The economic program<\/a> has strengthened macroeconomic fundamentals and increased T\u00fcrkiye<\/a>\u2019s resilience<\/a>, Treasury and Finance Minister Mehmet \u015eim\u015fek<\/a> said, adding that deviations from the program\u2019s targets remained limited despite the multiple shocks experienced in 2026.<\/p>\n Speaking during discussions on the Treasury and Finance Ministry\u2019s 2027 budget at parliament\u2019s Planning and Budget Committee on Nov. 5, \u015eim\u015fek said the economy is expected to grow by 3.3 percent this year, 0.5 percentage points below the Medium-Term Program target.<\/p>\n \u015eim\u015fek noted that growth is expected to gradually accelerate in 2027, supported by a recovery in external demand as well as productivity and value-added-oriented investments.<\/p>\n \u201cIn 2027, the tight monetary stance, moderate domestic demand conditions, improving expectations, easing inertia in services inflation and the projected decline in global commodity prices will support the disinflation process,\u201d \u015eim\u015fek also said.<\/p>\n \u015eim\u015fek stressed the current account deficit had been kept at manageable levels thanks to the strengthened policy framework.<\/p>\n \u201cWe expect the current account deficit-to-GDP ratio, which stood at 1.9 percent in 2025, to be around 2.2 percent this year, in line with the third-quarter estimate, despite the war,\u201d \u015eim\u015fek said.<\/p>\n He also said the budget deficit would remain below 3.5 percent.<\/p>\n \u015eim\u015fek also said additional steps would be taken to strengthen investor confidence and ensure the sound functioning of capital markets, adding that a draft currently being prepared would increase penalties for market manipulation.<\/p>\n","protected":false},"excerpt":{"rendered":"ANKARA Treasury and Finance Minister Mehmet \u015eim\u015fek spoke during discussions on the Ministry\u2019s 2027 budget at parliament\u2019s Planning…\n","protected":false},"author":2,"featured_media":956773,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,25649,164,189982,38475,62167],"class_list":["post-956772","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economic-program","tag-economy","tag-mehmet-simsek","tag-resilience","tag-trkiye"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/956772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=956772"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/956772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/956773"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=956772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=956772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=956772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}