Medium Term Programmes Implemented in Türkiye: Problems and Solution Suggestions

Abstract

Türkiye prepared its first Medium Term Programme (MTP) covering the period 2006-2008 (the year of implementation of the first MTP was also the year of the start of the accession negotiations to the European Union) in order to shape public policies on the basis of strategic objectives and direct resource allocation accordingly. Including the first MTP, a total of 18 MTPs have been announced so far, and the last MTP covers the period 2023-2025. MTPs are not only a guide for budget policy but also of great importance for public finance. In the periods when the MTP was implemented in Türkiye, issues such as growth and employment, public finance, balance of payments, and price stability were generally evaluated within the scope of the MTP. In recent years, changes have been made in the content of MTPs in line with the developments and priorities in the world economy. In this context, "Green Transformation" and "Financial Stability" were also included in the MTP covering the 2023-2025 period. The targets set in the MTPs and the actual figures should be monitored in order to assess the budget performance correctly and to maintain the stability of public finances. This study analyses to what extent the targets set in the MTPs have been achieved and, if not, what the reasons for this failure are. This study analyses to what extent the targets set in the MTPs have been achieved and, if not, what the reasons for this failure are. Since the MTPs announced in 2006 are analyzed in this study, it is thought that important inferences will be made about the performance of the Turkish economy and more accurate evaluations will be made in identifying and solving problems.