Minister of Treasury and Finance Mehmet Şimşek, Annual inflation as of May 3.5 Stating that it fell to the lowest level of the year, ”Inflation in basic goods fell to 20 percent. Headline inflation percentage 35 around, but we believe that we will close the year at 20 percent” he said.
Organized by Ziraat Bank 4. Agricultural Ecosystem Meeting was held at Haliç Congress Center. In addition to President Recep Tayyip Erdoğan, approximately 3 thousand guests attended. The program started with a promotional film. The opening speeches of the program were made by President Recep Tayyip Erdoğan., Minister of Treasury and Finance Mehmet Şimşek and Ziraat Bank General Manager Alpaslan Çakar made the announcement.. in the program 2025 of the year “Year of the Family” A short film was shown on the occasion of the announcement. The children who took the stage in the program performed by Aşık Veysel Şatıroğlu. “My Faithful Half is Black Earth” While performing his work as a song, President Erdoğan read it as a poem. Afterwards, a painting was presented to Erdoğan and a souvenir photo was taken with the protocol..
“2025 as of year 1.2 to our million farmers 700 We provide subsidized loans worth over billion lira”
Speaking at the program, Minister of Treasury and Finance Mehmet Şimşek, “Food supply security is our most critical priority. For this reason, we allocate the largest sectoral share of the budget to support agriculture.. 2025 containing different elements under different names from the budget of the year 706 We allocated a billion lira resource. Our most important support item is the loans we provide through Ziraat Bank, which facilitates our farmers' access to finance.. 2025 as of year 1.2 to our million farmers 700 We provide subsidized loans worth over billion lira. The treasury pays 70 percent of the average interest on these loans.. We provide the greatest support to our farmers in terms of access to finance.. We also provide strong support to our tradesmen.. The state covers 50 percent of the cost of the loans used by our tradesmen.. We cover almost 50 percent of the cost of the loan used by our exporters through the Central Bank.” he said.
“284 We offer low-level subsidized loans of up to one-third of the current cost in the market to those investing in medium-high and high-technology products.”
Minister Şimşek talking about the subsidized loan announced by President Erdoğan last week, “Turkey has a supply deficit 284 We offer low-level subsidized loans of up to one-third of the current cost in the market to those investing in medium-high and high-technology products.. Our support for agriculture is not limited to just access to finance.. For example 2016 The most important part of agriculture since 2 he has a pen. One of them is bait, the other is fertilizer. From there, the cost of completely removing VAT is only this year. 115 billion lira. There are insurance policies within the scope of TARSİM. We still pay 70 percent of the premium there.. Despite such high support, unfortunately only 30 percent of our farmers have this insurance.” he said.
“Annual inflation rate as of May 3 fell to the lowest level in half a year”
Minister Simsek, “There has been disinflation that has been continuing uninterruptedly for the last year.. Annual inflation rate as of May 3 fell to the lowest level in half a year. Inflation in basic goods fell to 20 percent. Headline inflation percentage 35 around, but we believe that we will close the year at 20 percent. Latest data shows that improvements in household inflation expectations are accelerating.. Fighting inflation is not limited to monetary and fiscal policy measures alone.. Increasing housing supply, especially in earthquake zones, Eliminating the housing deficit is our top priority. We are also in a mobilization approach in terms of social housing.. We know that rent is the largest component of the cost of living. In our country, 28 percent of households pay rent, so social housing mobilization is very important in this sense.. We allocate serious resources to our relevant ministry in this regard, especially in order to increase the food supply and reduce the cost of living to a more manageable level.. Energy transformation is our top priority. 55 percent of the electricity used by households, The state subsidizes 65 percent of natural gas” he said.
“Son 2 We significantly reduced the current account deficit in the year”
Şimşek stated that there has been a decrease in the risk premium in the country and that financial conditions will begin to improve again., “Son 2 We have significantly reduced the current account deficit in the last year and compared to national income it is around one and a half two hundred., We reduced it to between one and one and a half percent and this increased our resilience to shocks. Son 3 We faced many shocks in the month. Thank God, our country was able to manage all this and indeed there is an increase in reserves as of May.. There is a decrease in our country's risk premium and financial conditions will begin to improve again.. Our target is in industry, in agriculture, Turkey's transition to a current account surplus through digital and green transformation. Global uncertainties are now largely reduced as geopolitical tensions are over. Türkiye will begin to differentiate itself positively from developing countries with this program and these good practices under the leadership of our President.. We are the largest production base in this region, from manufacturing industry to agriculture and services.” He said:.
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