Vice President Cevdet Yılmaz announced that the Turkish economy will continue its steady growth trend and shared goals for 2025 and 2026.
Vice President Cevdet Yılmaz announced new growth and employment forecasts for the Turkish economy.
Yılmaz stated that the economy grew by 3.3% in 2024 and said: “We predict that our economy will grow again by 3.3% in 2025.” he said.
Emphasizing that Türkiye will maintain a stable growth performance in the medium term despite uncertainties on a global scale, Yılmaz said, “With the influence of a moderate global growth outlook, the Turkish economy is expected to grow by 3.8% in 2026.” he said.
Referring to the positive developments in the job market, Yılmaz said, “The unemployment rate is expected to decrease to 8.5% in 2025 and to 8.4% in 2026.”
Vice President Yılmaz said, “We predict to achieve the export target of $282 billion by continuing to increase exports continuously in 2026.”
Speaking about the 2026 Budget Law proposals, Yılmaz said, “We predict that budget expenditure will be 18 trillion 929 billion liras and budget revenue will be 16 trillion 216 billion liras in 2026.”
“THE BIGGEST DIVISION IS EDUCATION”
Yılmaz announced that the 2026 budget is expected to allocate 653 billion lira to eliminate earthquake damage and increase resilience to natural disasters, and 1 trillion 944 billion lira will be allocated to education in 2026. Yılmaz announced that they have increased the budget of higher education institutions to 651 billion lira in 2026 and emphasized that they have allocated allocate the largest portion to education, at 15.3%.
Stating that it has allocated 4.8% of the 2026 budget for aid and social support, Yılmaz said the figure is 917 billion lira.
Vice President Yılmaz said, “We predict 373 billion lira resources in the 2026 budget so that our citizens can use cheaper electricity and natural gas.” he said.
