Politics · Turkey · 17 hrs ago
Turkey Sets Aside 2027 Budget Funds to Support Pensioners' Purchasing Power
Finance Minister Mehmet Şimşek said funds are set aside for pensioners in Turkey’s 2027 budget.
He made the announcement while presenting the Finance Ministry’s budget to parliament’s Planning and Budget Commission.
The money is intended to support pensioners’ purchasing power, which can be affected by rising prices.
Şimşek said the government aims for people across society to share fairly in improvements in prosperity.
He did not announce a specific pension increase or its size in his presentation.
The government says it will take further steps in the coming period, but no details or timing for pension changes were given.
Turkey’s 2027 budget will set aside funds to support pensioners’ purchasing power, Finance Minister Mehmet Şimşek said.
Şimşek made the announcement during a presentation to parliament’s Planning and Budget Commission.
He said the government aims to increase purchasing power and ensure all parts of society share fairly in rising prosperity.
The announcement did not specify how much funding would be allocated or how pension payments would change.
- Who
- Finance Minister Mehmet Şimşek announced the measure.
- What
- Turkey’s 2027 budget will set aside funds to support pensioners’ purchasing power.
- When
- November 5, 2026.
- Where
- Parliament’s Planning and Budget Commission in Turkey.
- Why
- To support pensioners’ purchasing power and help people share fairly in rising prosperity.
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This story does not have a timeline yet.
- Budget year
- 2027
- Announcement date
- November 5, 2026
- Announced by
- Mehmet Şimşek, finance minister
- Setting
- Parliament’s Planning and Budget Commission
- Funding amount
- Not stated
What people are saying
We are allocating resources in the 2027 budget to support our pensioners’ purchasing power.