Business · Economy · 5 hrs ago
Turkey plans 658 billion lira in 2027 support for businesses
Turkey plans 658 billion lira in support for businesses in its proposed 2027 budget.
Deputy President Cevdet Yılmaz presented the plan before it was submitted to parliament.
The proposed total is up from 493 billion lira in the previous year's initial budget.
The planned support includes 351 billion lira for employers’ social security contributions and 92 billion lira in interest subsidies for tradespeople through Halkbank.
It also includes 73 billion lira for industrial incentives and 65 billion lira for export support, with the rest assigned to other programmes.
The funding is intended to help businesses through targeted financial support, while the budget also provides for major spending on social housing, energy subsidies and agriculture.
Parliament is next to receive the 2027 budget plan; the presentation did not state what changes, if any, lawmakers may make.
Turkey plans to allocate 658 billion lira in its 2027 budget to support businesses and the wider real sector.
The planned funding includes 351 billion lira for employer social security premium support and 92 billion lira for interest subsidies for tradespeople through Halkbank.
Other allocations include 73 billion lira for industry and technology incentives, 65 billion lira for export support and 78 billion lira for other programs.
Vice President Cevdet Yılmaz announced the planned support during a briefing before the 2027 budget was presented to parliament.
The initial allocation is higher than the 493 billion lira provided for the real sector in the previous year’s starting budget.
- Who
- Turkey’s government, with Vice President Cevdet Yılmaz announcing the plan.
- What
- It plans to allocate 658 billion lira in 2027 budget funding for support to the real sector.
- When
- For the 2027 budget; announced before the budget was submitted to parliament.
- Where
- Turkey.
- Why
- To continue selective financial support and existing programs for the real sector.
This story does not have two clearly opposing sides.
Vice President Cevdet Yılmaz briefed the media on planned budget allocations.
The government set aside 658 billion lira for support to the real sector.
- Total planned support
- 658 billion lira
- Employer social security premium support
- 351 billion lira
- Halkbank tradespeople interest subsidies
- 92 billion lira
- Industry and technology incentives
- 73 billion lira
- Export support
- 65 billion lira
- Previous year’s starting-budget allocation
- 493 billion lira
What people are saying
We will continue to provide selective financial support to the real sector.
We will speed up social housing construction for low-income people, people with disabilities and young people who are newly married.