The details of the 2027 Central Government Budget Law Proposal have been revealed. Vice President Cevdet Yılmaz shared the fundamental macroeconomic targets for the coming year at the “2027 Central Government Budget Signing Ceremony” held at the Presidential Complex.
The presentation projected that economic growth would accelerate in 2027, the downward trend in inflation would continue, and the unemployment rate would decline. Accordingly, inflation, which is expected to reach 28.4 percent by the end of 2026, is targeted to fall to 21 percent by the end of 2027.
On the growth side, a higher tempo is projected for the coming year. It was stated that the Turkish economy grew by 3.7 percent in 2025 and is expected to complete 2026 with 3.3 percent growth. The 2027 growth target was announced as 4.2 percent.
In the medium-term outlook, growth is targeted to reach 5 percent in 2029. Within this framework, the expectation for a gradual strengthening of the growth path stood out in the budget proposal.
Regarding labor market targets, employment is projected to increase by 657 thousand people in 2027. In the same period, the unemployment rate is estimated to fall to 8 percent, and the labor force participation rate is expected to rise to 53.4 percent.
News Source: 12punto
