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Presidential Annual Program for 2023 was published in the Official Gazette

According to the Presidential Annual Program, the amount of public investment in 2023 will be ₺643.2 billion. The largest investment will be in transportation with ₺212 billion. Liraization strategy steps will be implemented in monetary policy.

Presidential Annual Program for 2023 was published in the Official Gazette.

In 2023, the amount of public fixed capital investment will be ₺643.2 billion. The area to be invested the most will be transportation with ₺212 billion.

Public investments will focus on transportation, mining, education, agriculture and energy.

In 2023, the total amount of investment in the public-private sector will reach ₺6.1 trillion.

“LIRALIZATION STRATEGY STEPS WILL CONTINUE”

According to the program, liraization strategy steps will be implemented and effective monetary and fiscal policies will be implemented.

ESTIMATE OF GROWTH IS 5%

In the program, basic economic sizes and targets were determined.

While the realization forecast for growth is 5% this year, it is predicted that the economy will grow by 5% in 2023, the 100th anniversary of the Republic.

2023 TARGET IN INFLATION IS 24%

Inflation is estimated to be 65% by the end of this year, while the target for the end of next year is 24%.

The ratio of current account balance to gross domestic product is estimated to be minus 2.5% in 2023.

UNEMPLOYMENT TARGET IS %10.4

According to the program, while the unemployment rate is expected to be 10.8% at the end of this year, the target for the end of next year has been recorded as 10.4%.

EXPORT AND IMPORT FORECASTS

It is predicted that exports will reach $255 billion at the end of 2022 and will increase to $265 billion next year.

It is estimated that imports will be $360 billion at the end of this year, and will decrease to $345 billion in 2023, so that the foreign trade deficit will be $80 billion for the next year.

Source: NTV / Translated by Irem Yildiz

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