Minister of Treasury and Finance Mehmet Şimşek made important statements at the “Always Together, From Our Essence to the Future Türkiye Meetings” program held in Kırıkkale. Meeting with business people in the Organized Industrial Zone, Minister Şimşek shared remarkable information about the transformation process in the economy and Turkey’s financial situation.
“WE ARE IN THE PROCESS OF SERIOUS DISINFLATION”
Minister Şimşek continued his statement as follows, stating that Türkiye is the only country whose credit rating was increased by 3 different international rating agencies in 2024.
“Moody’s and Fitch increased our rating by 2 notches. S&P made a statement last week and said, ‘We will review it in November, a rating increase is possible.’ We are really on the right track, our borrowing costs and risk premium are decreasing, our rating is increasing. The real sector, the banking sector can access external financing, the current Our deficit is decreasing. We have a program and it is working. This decrease in inflation will continue. We are in a serious disinflation process. Do not have the slightest hesitation about the program in the real sector. approached.
“WE WILL IMPLEMENT THE 3-YEAR PROGRAM DETERMINATELY”
It was the same in the first quarter of this year. But we are determined on this issue. We will implement the 3-year program with determination and patience. We started to get results. Our President’s support on this issue is also very strong. “At every opportunity, we feel his strong support for the implementation of this program, and our President expresses this clearly.”
LOW COST LOAN OPPORTUNITY
Emphasizing the importance of structural transformation in the economy, Şimşek announced that they are making reforms to increase the quality of human capital, improve the investment environment and deepen capital markets. He said that with the HIT-30 High Technology Incentive Program, 10-year maturity, 2-year grace period and low-cost loans will be offered to companies that will produce 284 products to reduce imports.
