Next year will be the "most critical" one when it comes to the Turkish government's medium-term economic program, Vice President Cevdet Yฤฑlmaz said on Monday, reaffirming the aim to maintain stability and the downward trend in inflation.
The remarks came as Yฤฑlmaz kicked off what is expected to be a two-week-long debate on the government's 2026 budget bill at the Parliament in the capital Ankara.
"Our budget aims for a permanent increase in social welfare in an environment where economic growth continues with stability, and the inflation rate is falling," he told lawmakers.
Annual inflation surprised in November as it cooled more than expected to 31.07%. The figure, which had peaked at about 75% in May 2024, is now at its lowest level since November 2021.
"The year 2026 is the most critical year of our Medium-Term Program (MTP)," Yฤฑlmaz said. "It will be the year when the outcomes of our policy measures become evident and when our reforms bear fruit. The budget has been prepared with exactly this understanding."
He said they expect external conditions next year to exhibit a more supportive outlook, which he believes would contribute relatively more to Tรผrkiye's disinflation process and to its inv
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