The EKK met under the chairmanship of Vice President Yılmaz

In a statement made after the Economy Coordination Board (EKK) meeting, it was noted that the progress made in the structural reforms foreseen in the Medium-Term Program (OVP) covering the period of 2024-2026 and the preparation process of the OVP covering the period of 2025-2027 were evaluated.
The Economy Coordination Board convened under the chairmanship of Vice President Cevdet Yılmaz at the Presidential Complex. The meeting was attended by Minister of Labor and Social Security Vedat Işıkhan, Minister of Energy and Natural Resources Alparslan Bayraktar, Minister of Treasury and Finance Mehmet Şimşek, Minister of Industry and Technology Mehmet Fatih Kacır, Minister of Agriculture and Forestry İbrahim Yumaklı, Minister of Trade Ömer Bolat, AK Party Group Chairman Abdullah Güler, Deputy Chairman Nihat Zeybekci, President of the Presidential Strategy and Budget Ibrahim Şenel, and representatives of relevant institutions and organizations. In a written statement made after the meeting, it was stated that the actions determined in the 12th Development Plan, which is the roadmap for the economy, and in the Medium-Term Program (OVP) are being implemented with determination in effective coordination, and that positive results will continue to be achieved. It was reported that, thanks to the policies implemented to achieve the main goal of the program, which is to permanently reduce inflation, the transition process has been completed, and the disinflation process has begun as of June.
The statement emphasized that while the current account deficit has significantly decreased, reserves continue to increase, stating, “Thanks to our decreasing risk premium, our country’s access to external financing is increasing, while financing costs are also decreasing. The strengthening of external capital inflows and increasing interest in the Turkish lira is solidifying financial stability and positively contributing to our disinflation process. As a result of the confidence environment created by our program, international credit rating agencies continue to raise their ratings.”
It was also emphasized that the removal of Turkey from the gray list is considered a positive development in terms of improving the investment environment.
In the statement, it was expressed that the new tax package, which includes measures to increase savings and efficiency in the public sector and regulations aimed at reducing informality and strengthening equity in taxation, will further improve fiscal discipline. “The ultimate aim of our program is to achieve sustainable and inclusive growth, ensuring price stability and permanent increases in welfare. In this process, we will continue to provide employment with our development-oriented policies that encompass all segments of our society, especially the youth and women,” it was stated.
The fundamental issues addressed in today’s meeting were outlined in the statement as follows: “The progress made in the structural reforms foreseen in the OVP covering the period of 2024-2026 and the preparation process of the OVP covering the period of 2025-2027 were evaluated. With the OVP planned to be published in September, our main policy priorities will be preserved, and macroeconomic indicators and our structural reform agenda will be reviewed in light of recent developments with a participatory approach. Taking into account the effects of climate change, efforts were discussed to meet the energy needs of irrigation facilities from solar power plants to be established in reservoirs of dams and ponds that do not serve drinking water purposes, and needed investments for the upcoming period have been consulted. The Provincial Employment and Vocational Education Boards established to strengthen the relationship between education-employment-production and to identify and provide the qualified employment needed by the labor market were discussed, and the work carried out to increase the functionality and effectiveness of the Board was evaluated.