Treasury and Finance Minister Mehmet Şimşek stated that the economic policy implemented is not a temporary whim and emphasized that this program has political ownership. In his presentation on financing models, Şimşek, who attended the first ordinary meeting of the Istanbul Chamber of Industry (ISO) Assembly for 2024, emphasized the importance of price stability in order to direct resources to qualified industry and productive areas. He also stated that the support of industrialists is vital to achieve this goal.
Şimşek emphasized the need to allocate resources for structural transformation and stated that ensuring fiscal discipline is an important part of this process. Stating that price stability is the main target, Şimşek said, “You cannot talk about predictability where there is no price stability.”
Emphasizing the importance of complying with international norms in economic policy, Şimşek said that they will not reinvent the wheel and that their programs will be implemented with patience and determination. Şimşek stated that there may be a short-term tension between growth and inflation, but it is not permanent.
According to Şimşek’s statements, more supportive fiscal and income policies will be put in place in the coming period, and an ecosystem will be created to ensure the long-term competitiveness of industrialists within a sustainable framework. He also emphasized that the Turkish lira is highly competitive.
