Erdoğan: Türkiye’s five-year road map prepared

Photo: AFP/Anadolu Agency/Arif Hudaverdi Yaman

Eurasia 19/10/2023 12:10

President Recep Tayyip Erdoğan announced earlier this week that the 12th Development Plan, which will shape the next five years of the country, has been prepared and submitted to parliament.

"We have completed our 12th Development Plan, which is Turkey's roadmap for the next five years, which we worked on with the vision of 2053,” Erdoğan said in a message on the social media, according to Hurriyet Daily News.

Erdoğan noted that the plan has five main axes: Skilled people, strong family, healthy society; stable growth, strong economy; competitive production with green and digital transformation; disaster-resistant living spaces, sustainable environment and good democratic governance based on justice.

According to the plan, which covers the years 2024-2028, inflation is estimated to be 65 percent in 2023, while it is expected to decline to 4.7 percent in 2028.

In addition to the measures to be taken for five years, the plan also includes Türkiye's vision for 2053. The development plan aims to increase the GDP to 2 trillion 820 billion Turkish Liras and the national income per capita to $17,554 in 2028, the news site added.

The plan envisages a reduction in unemployment to 7.5 percent in 2028 and an average growth rate of 5 percent in the period 2024-2028. As part of the plan, steps will be taken to make Türkiye an energy hub. The development plan includes the goal of net zero emissions, decarbonization activities, steps to increase energy and resource efficiency, and promoting the transition to renewable energy sources.

The increase in life expectancy at birth will be taken into account in determining retirement criteria. Special social insurance programs will be established for low-income craftsmen, artisans, farmers and seasonal workers.

In the electricity and natural gas markets, the practice of supporting consumer groups below certain income levels will be introduced.

#Türkiye

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Erdoğan: Türkiye’s five-year road map prepared

President Recep Tayyip Erdoğan announced earlier this week that the 12th Development Plan, which will shape the next five years of the country, has been prepared and submitted to parliament.

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