Turkey's 2027 Budget: Expenditures Projected at 27.276 Trillion Lira

Vice President Cevdet Yılmaz presented the 2027 budget figures at the Central Government Budget Allocation Ceremony held at the Presidential Complex. He said expenditures are projected at 27 trillion 276 billion lira and revenues at 23 trillion 408 billion lira.

Yılmaz stated that 13.7 percent of the central government budget is allocated to education, the largest share. He said the budget is prepared in line with the updated Medium-Term Program targets of the 12th Development Plan.

“This budget and our future budgets will continue to make our cities resilient to disasters as one of our main priorities.”

The vice president described the budget as focused on macroeconomic stability, disinflation, efficient use of public resources, and strengthening investment, employment, production, and exports. He said it also aims to increase resilience against external shocks and social welfare.

Yılmaz said urban transformation allocations are being raised by 176 percent to 276 billion lira. He added that social housing construction for low-income citizens, people with disabilities, and newly married young people will be accelerated.

He emphasized that making cities resilient to disasters remains a priority following the earthquake disaster, and that social and rental housing opportunities will be expanded to limit rent increases and meet housing needs.