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Mehmet Şimşek: Public employee and retiree salaries to rise at least by inflation
Turkish Treasury and Finance Minister Mehmet Şimşek has announced that salary increases for public employees and retirees will be at least equal to the inflation rate to protect purchasing power. This commitment is part of the government's ongoing disinflation program and Medium-Term Program (OVP).
Şimşek noted that while the disinflation process has begun, global geopolitical tensions and wars have significantly impacted inflation. He stated that if these conflicts had not occurred, inflation would be approximately 7 percentage points lower. He highlighted that energy shocks, including a 97 percent increase in diesel prices and a 160 percent rise in natural gas prices in dollar terms, have exerted upward pressure on costs.
Regarding fiscal policy, Şimşek announced that the 'eşel mobil' fuel price adjustment system will not be extended into the 2027 budget, though it will partially continue for diesel until the end of the year. He also provided economic outlooks, projecting a 3.3 percent growth rate for 2026 and a budget deficit of 3.1 percent of GDP. He emphasized that the OVP remains a binding policy framework for the public sector and a strategic roadmap for the private sector.
Entities
Central Bank of the Republic of Türkiye · Medium Term Program · Medium-Term Program · Mehmet Şimşek · Ministry of Treasury and Finance · Turkey
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The 'eşel mobil' fuel price adjustment system will not continue in the 2027 budget. www.cnbce.com
- [● 2 SOURCES] Diesel prices increased by 97 percent in dollar terms due to energy shocks.
- [○ 1 SOURCE] The 2026 economic growth target is 3.3 percent.
- [● 9 SOURCES] Public employees and retirees will receive salary increases at least equal to the inflation rate. www.bolgegazetesivan.com · www.borsagundem.com.tr · www.beyazgundem.com · www.gazetebirlik.com · www.haberaktuel.com · +3 more
- [○ 1 SOURCE] The budget deficit is expected to be 3.1 percent of GDP.
- [● 8 SOURCES] If wars had not occurred, inflation would be at least 7 percentage points lower. www.borsagundem.com.tr · www.beyazgundem.com · www.gazetebirlik.com · www.haberaktuel.com · www.haberport.com
- [● 2 SOURCES] Natural gas prices increased by 160 percent due to energy shocks.
- [● 6 SOURCES] The Medium-Term Program (OVP) serves as a binding policy for the public and a roadmap for the private sector. www.beyazgundem.com · www.gazetebirlik.com · www.haberaktuel.com · www.haberport.com