fiscal policy
- Turkiye
Turkiye to Unveil 2027-2029 Medium-Term Economic Program on Sept. 6
Türkiye plans to unveil its new Medium-Term Program (OVP), covering the 2027-2029 period, on Sept. 6, Vice President Cevdet Yılmaz…
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UAE Distributes Over $12.5 Billion in VAT and Excise Tax Revenues as Non-Oil Income Climbs 15%
VAT and excise collections rose 15% in 2025, says Ministry of Finance The UAE distributed more than Dh46 billion in…
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Turkiye’s Budget Deficit Widens to $6.4 billion in May as Spending Outpaces Revenue Growth
Türkiye’s central government budget recorded a deficit of 298.2 billion Turkish Liras ($6.4 billion) in May, according to data released…
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Turkiye’s Budget Deficit Widens to $6.4 Billion in May as Revenues Fall and Spending Rises
Central government budget revenues fall 18% year-on-year in May, while expenditures rose 27% Türkiye’s central government budget posted a deficit…
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Turkiye’s Budget Deficit Shrinks to $41.6 Billion in 2025 as Revenues Surge
Türkiye’s central government budget posted a deficit of 1.8 trillion Turkish Liras ($41.6 billion) in 2025, marking a 14.6 percent…
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World Bank forecasts UAE economy to grow 5% in 2026, 5.1% in 2027
Global outlook revised higher as resilience continues despite trade tensions The World Bank expects the UAE economy to grow by…
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Turkiye Moderates SCT Hikes on Fuel, Tobacco, and Alcohol to Support Inflation Goals in 2026
Türkiye announced Thursday it’s keeping Special Consumption Tax (SCT) hikes on fuel, tobacco, and alcohol lower than usual for the…
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Turkiye reveals ₺1.5 trillion in overdue taxes as 56,000 taxpayers face major liabilities
The Revenue Administration (GİB) has announced that 56,086 taxpayers owe the state more than 5 million lira each in overdue…
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EU Commission Sees Turkiye’s Growth Strengthening Through 2027 Amid Rising Consumption and Investment
The European Commission projected that Türkiye’s economy will grow by 3.4% in both 2025 and 2026, accelerating to 4% in…
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S&P Global expects Turkiye’s 2025 inflation at 28% as disinflation path shapes credit rating outlook
Frank Gill, senior director at U.S.-based S&P Global Ratings, one of the big three rating agencies, said the agency expects…
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