The Medium-Term Programme (2027-2029) was published in the Official Gazette of 6 September 2026. The programme puts the growth forecast for 2026 at 3.3% and expects total factor productivity to contribute 1.2 percentage points to this growth. Growth targets are 4.2% for 2027, 4.6% for 2028 and 5.0% for 2029; year-end consumer inflation is forecast at 28.4% for 2026, with targets of 21%, 13.5% and 9% for 2027, 2028 and 2029 respectively. Goods exports are projected at USD 282 billion in 2026 and USD 316 billion in 2029.
The programme treats safeguarding the production and export capacity of manufacturing industry as a separate policy heading. Under this heading, it includes measures to increase credit guarantee capacity with priority given to SMEs, to expand support mechanisms that will accelerate efficiency investments in energy-intensive sectors, and to train intermediate-level qualified technical staff in organised industrial zones. According to the programme, productivity-focused policies are expected to raise the potential growth rate by around 0.5 percentage points over the programme period.
TÜBİAD's assessment
In TÜBİAD's assessment, the decisive aspect of the programme for the business community is that it highlights productivity as one of the main sources of growth. Productivity gains require monitoring energy and raw material use, digitalising processes and developing employee skills together. It is therefore important for businesses wishing to benefit from support programmes to set out their current situation using measurable indicators.
At TÜBİAD, we are linking the headings that stand out in the programme to our project portfolio. The Digital Transformation and Productivity Programme assesses businesses' processes, data and skills together; the International Market Access and Business Development Programme focuses on product and market diversification in exports; and the Joint Project Development and Resource Planning Programme helps institutions prepare project files suited to public support programmes. We regard the implications of the programme for businesses as one of the topics to be addressed together with the business community, universities and public institutions within the Applied Research and Workshop Programme.
Sources
- Presidency of Strategy and Budget — Medium-Term Programme (2027-2029) (6 September 2026) — sbb.gov.tr
- Presidency of Strategy and Budget — Medium-Term Programme (2027-2029) Announced (6 September 2026) — sbb.gov.tr