The activity on Türkiye’s economic agenda will continue in November, and the 2027 budget discussions in the Turkish Grand National Assembly (TBMM) and the reports to be published by the Central Bank will be closely followed.
According to the compilation made by the AA correspondent, there will be intense budget work in the GNAT Planning and Budget Commission in November.
The budget marathon started after the 2027 Central Government Budget Law Proposal was presented to the Turkish Grand National Assembly.
Commission discussions on the budgets of ministries and institutions will continue throughout the next month and will be completed on November 27. After these negotiations are completed, the budget proposal will be discussed in the General Assembly of the Turkish Grand National Assembly.
Minister of Commerce Ömer Bolat is expected to announce October foreign trade data in Istanbul on November 3. Bolat stated that the highest September data was reached in goods exports last month and said, “We managed to export 26 billion dollars with an increase of 15.4 percent on an annual basis.” He used the expression.
MARKETS WILL FOCUS ON THE MESSAGES OF THE CENTRAL BANK
The reports to be announced by the Central Bank are also among the issues to be monitored in November. In this context, Central Bank Governor Fatih Karahan will share this year’s last Inflation Report with the public on November 12. The messages Karahan will give will be closely followed by the markets.
Karahan, at the third Inflation Report Information Meeting of the year, said, “We have updated our 2026 year-end inflation forecast upwards to 28 percent. We predict that inflation will stabilize at 5 percent, which is the inflation target in the medium term, after decreasing to 15 percent at the end of 2027 and to 9 percent at the end of 2028.” made his assessment.
The Central Bank will announce the second Financial Stability Report of the year on November 27. In the report, developments regarding financial stability and the effects of the measures taken on the financial sector will be evaluated. Karahan’s evaluation in the foreword of the report will also be followed by economic circles.
INFLATION AND LABOR FORCE DATA WILL BE ANNOUNCED
Turkish Statistical Institute (TUIK) will share inflation data for October with the public on November 3. Consumer Price Index (CPI) increased by 1.84 percent on a monthly basis in September, Domestic Producer Price Index (D-PPI) increased by 2.07 percent, and annual inflation was recorded as 29.73 percent in consumer prices and 27.38 percent in domestic producer prices.
The institution will announce the industrial production index for September on November 10. The index decreased by 1 percent on a monthly basis and 1.9 percent on an annual basis in August.
The Central Bank will announce the balance of payments statistics for September on November 13. While Türkiye’s current account account had a surplus of 4 billion 53 million dollars in August, there was a surplus of 8 billion 205 million dollars in the current account account excluding gold and energy.
The Ministry of Treasury and Finance will announce the October budget results to the public.
TurkStat will announce October housing and workplace sales statistics, agricultural product producer and housing price indices on November 17, and October foreign trade and labor force statistics on November 30. The unemployment rate in Türkiye increased by 0.5 points compared to the previous month and reached 8.4 percent in September.
DEVELOPMENTS RELATED TO MINIMUM WAGE WILL BE FOLLOWED
Statements regarding the determination of the minimum wage, which concerns millions of workers, will also be closely monitored in November. Before the minimum wage negotiations to start in December, developments regarding the structure and functioning of the Minimum Wage Determination Commission will be followed.
The minimum wage is currently applied as 33 thousand 30 liras gross per month for a worker, and net 28 thousand 75 liras and 50 kuruş when deductions are applied.
