Election statement of President Recep Tayyip Erdogan and his rule party You undertake to cause stubborn inflation down To a single digit, an increase growth Income increase, some of Vital economic promises seen as key Türkiye is also heading to next pivot of the month vote.
Re-election campaignofficially on Tuesday, shed light on how Erdogan and the Justice and Development Party (AK) are planning to shape Everything from the outside policy Energy and other economic benchmarks after the May 14 presidential and parliamentary elections.
Inflation is more critical challengeafflicting families and squeezing them earnings and savings.
Erdogan reiterated his party’s commitment to taming inflation, stressing that goal to bring it down to a single digit current 50.5%. However, March’s reading recorded a significant decline compared to the peak of 85.5% – 24-year High – registered last October.
We will bring inflation back down To number one and save our country from this problemHe said to a stadium crowd in Ankara.
the government It sought to protect families through various measures, dramatically raising the minimum wage, raising state salaries, subtraction debt Relief and pension for millions.
Others cover included on rent increase, reduced taxes on Utility bills and large accommodation disclosures project for Low-income families, an arrangement that eliminates the age requirement and introduces early retirement millions of Citizens in the first platform.
higher income per person
We will raise the standard of well-being of Our employees, from civil servants to retirees and working people, by always increasing their wages above inflation rates.
“We will raise per capita income to $16,000 (309,090 Turkish lira), and then to higher levels” from around $10,600, he noted.
His government centered its economic policies on a model that have been unveiled in 2021, which prioritizes low interest rates to boost exports, production, investment and innovation new Careers. He called the Turkish economy model a name program It aims to reduce inflation by chronic flipping of the country current account deficit into surplus.
Erdogan on Tuesday repeated that investment, production, exports and the end current account surplus drive gross domestic product.
He said, “We will continue to develop our country with investment, employment, production and exports and a currentAccount surplus.
Referee party said low rate statement policy He was main driver of Entrepreneurs are investing in the real sector f creating Careers.
last yearcenter of the country bank Cut her standard oneRepo week rate by 500 basis points To counter the economic slowdown and keep it at 9% in December and January.
Shrink it by another 50 basis points in February to boost industrial production and employment after devastating earthquakes hit the southeast region. However, it is left the key policy without change last Month.
Our priority in Erdogan said that the coming period will be to restore our destroyed cities. government Aims to build 650,000 apartments for survivors.
6 m new Careers
President said last week a team Economic policies have been strengthened in coordination of former Economic Tsar Mehmet Simsek, who international Well respected by investors.
“We will further improve investment with standing structure on free-market economy compact with The world statement said, with a view for annual growth of 5.5% in 2024-2028 and GDP of $1.5 trillion by the end of The end of 2028.
“In the coming period, with annual growth rate of 5.5%, we will increase national Income to 1.5 trillion dollars then we have main Goal of 2 trillion dollars.
said the chief growth It will enable Türkiye to create 6 million new Careers in Five years, reduce unemployment rate to 7% of current 10%.
We will continue to attach special The importance of employment of women and youth added.
Erdogan said they will focus on investment, production and exports ‘until we get goal of Bring our country to a foreigner trade amount of trillion dollars.”
According to the statement, the export target by 2028 is $400 billion, up of $254 billion last year.
Erdogan also Turk said he would speed up investment and promotion in tourism with a goal of 90 million tourists and 100 billion dollars in revenue by 2028.
A. has witnessed complete You rebound from the fallout of The coronavirus pandemic, as a number of Foreign tourists approached A record and income hit its highest ever in 2022.
foreign visitors hit 44.6 million in 2022, just shy of the top of 45.1 million in 2019. Tourism revenues jumped to $46.3 billion last yearInflation past previous height of $38.4 billion in 2019.
the government It expects foreign arrivals to reach 60 million in 2023 before reaching 90 million in 2028. For income, he sees it rising to $56 billion year And $100 billion five years from now.
