# Reactions to Türkiye's 2027-2029 Medium-Term Program > Live situation record from CLSTR: https://clstr.news/situations/turkey-medium-term-program-preparation > Updated: 2026-09-11T21:56:00.000Z. Sources: 136. Developments: 7. The Turkish government has released its 2027–2029 Medium-Term Program (OVP), a strategic roadmap focused on disinflation, fiscal discipline, and sustainable growth. While the program aims for single-digit inflation by 2029, recent updates have adjusted the 2026 year-end inflation forecast to 28.4%, with subsequent targets of 21% in 2027, 13.5% in 2028, and 9% in 2029. Government officials, including Vice President Cevdet Yılmaz and Finance Minister Mehmet Şimşek, have highlighted the complete removal of the Currency-Protected Deposit (KKM) scheme and a significant increase in foreign exchange reserves, which reached $188.2 billion by late August 2026. Economic growth projections for 2026 have also been adjusted, with targets ranging between 3.3% and 3.5%. Regarding social security, the program projects wage increases of 9.04% for SSK and Bağ-Kur retirees, and 7% for civil servants and civil servant retirees, while aiming for tax revenues to reach 27.7 trillion TL by 2029. Opposition leaders and academic observers have criticized the program’s credibility and sectoral allocations. Republican People's Party (CHP) Deputy Chairman Orhan Sarıbal noted that the 2026 inflation target was revised from 16% to 28.4%, a change he described as “nearly 100 percent.” He also warned of the impact on farmers following a 30% reduction in the agricultural budget, arguing the plan fails to protect them from rising fuel and fertilizer costs. Additionally, Gökhan Günaydın of the YENİ Party condemned the program as a “desperate struggle,” citing rising wealth inequality. In support of the program’s objectives, President Recep Tayyip Erdoğan issued a circular regarding the 2027-2029 Public Investment Program. This directive aims to maximize savings in public spending and prioritize investments that complement private sector activities. Key infrastructure priorities include transport and railway projects, specifically the Bandırma-Bursa-Osmaneli line, as well as the Mersin-Gaziantep, Ankara-Izmir, and Halkalı-Kapıkule lines. ## Claims - The 2026 growth forecast was revised from 3.8% to 3.3%. (disputed by 15 sources) - Inflation is projected to fall to 21 percent in 2027, 13.5 percent in 2028, and 9 percent in 2029. (disputed) - Economic growth targets for 2026 have been revised downward to 3.5%. (disputed) - Inflation is projected to reach 21% in 2027, 15.5% in 2028, and 9% in 2029. (disputed) - The year-end inflation forecast for 2026 has been raised from 16% to 28.4%. (corroborated by 20 sources) - The foreign trade deficit forecast has increased from $96 billion to $105 billion. (corroborated by 8 sources) - Economic growth is projected to reach 4.2% in 2027, 4.6% in 2028, and 5% in 2029. (corroborated by 7 sources) - National income is expected to exceed $1.8 trillion by the end of 2026. (corroborated by 6 sources) - The average Brent crude oil price forecast has been raised to $89.3. (corroborated by 4 sources) ## Timeline ### 2026-09-11: Turkey issues guidelines for 2027-2029 Public Investment Program Turkey has released the 2027-2029 Public Investment Program guidelines, prioritizing fiscal discipline, inflation control, and strategic infrastructure like the Bandırma-Bursa-Osmaneli railway line. 3 sources. https://clstr.news/cluster/turkey-issues-guidelines-for-2027-2029-public-investment-program ### 2026-09-10: Turkey Medium Term Program faces criticism over inflation targets Turkey’s 2027–2029 Medium Term Program faces criticism from opposition leaders over revised inflation targets and reduced agricultural spending, despite government aims for long-term stability. 11 sources. https://clstr.news/cluster/turkish-opposition-parties-criticize-2027-2029-medium-term-program ### 2026-09-08: Turkey unveils 2027-2029 Medium-Term Program with revised targets Turkey's 2027-2029 Medium-Term Program revises 2026 inflation targets to 28.4% and growth to 3.3%, while announcing the total elimination of the Currency-Protected Deposit (KKM) scheme. 31 sources. https://clstr.news/cluster/turkey-economic-forecasts-updated-following-medium-term-program-announcement ### 2026-09-06: Turkish business leaders react to new Medium-Term Program Turkish business leaders evaluate the new Medium-Term Program, focusing on inflation targets, real sector financing, and the insurance sector's role in managing earthquake-related economic risks. 10 sources. https://clstr.news/cluster/turkish-business-leaders-react-to-new-medium-term-program ### 2026-09-05: Turkey unveils 2027-2029 Medium Term Program economic roadmap Turkey has unveiled its 2027-2029 Medium Term Program, targeting single-digit inflation by 2029, 5% economic growth, and $450 billion in exports while creating 2.1 million new jobs. 123 sources. https://clstr.news/cluster/trkiye-to-announce-20272029-medium-term-program ### 2026-09-02: Turkey to announce 2027–2029 Medium Term Program on September 6 Turkey's Vice President Cevdet Yılmaz announced that the 2027–2029 Medium Term Program (OVP) will be unveiled on September 6, detailing macroeconomic targets and structural reforms. 7 sources. https://clstr.news/cluster/turkey-to-announce-20272029-medium-term-program-on-september-6 ### 2026-08-19: Turkey prepares updated Medium Term Program for 2027-2029 Turkey's economic management is preparing an updated Medium Term Program for 2027-2029, with an announcement expected in early September to address inflation, growth, and fiscal reforms. 5 sources. https://clstr.news/cluster/turkey-prepares-updated-medium-term-program-for-2027-2029 --- Cite as: Reactions to Türkiye's 2027-2029 Medium-Term Program. CLSTR, https://clstr.news/situations/turkey-medium-term-program-preparation