VP Yılmaz optimistic about Turkish economy’s post-election trajectory

Deputy President Yilmaz underscores the importance of combating inflation, foreseeing tangible results in the second half of this year

Turkish Vice President Cevdet Yılmaz commented on the Turkish economy following the local elections on March 31.

Emphasizing their dedication to implementing the Medium-Term Program, Yilmaz stated, “We will begin to see the results of our efforts to combat inflation significantly in the second half of this year.”

Essence of democracy embodied in Türkiye’s elections

Yilmaz expressed satisfaction with Türkiye’s conduct of the March 31 Local Administration General Elections, stating that it reflected the essence of its democracy.

He expressed hope that the election results, shaped by the will of the citizens, would benefit the country, the nation, and the cities.

Highlighting the importance of a four-year period without elections to pursue higher goals in democracy and development, Yilmaz emphasized the country’s resilience amid global economic challenges triggered by the pandemic, regional conflicts, and additional burdens from recent disasters.

‘Combating inflation is our top priority’ 

Yilmaz emphasized that during this period, they would heal the wounds of earthquakes and prepare cities for the future in a much more resilient manner.

“We are increasing economic growth, employment, and exports while reducing our current account deficit. We are strengthening our structure with investment and production. Combating inflation is our top priority both economically and socially. We will achieve this by steadfastly implementing the program we announced last year.

‘We will prevent erosion of wage increases’

“We will start to see the results of our efforts to combat inflation significantly in the second half of this year. Thus, we will prevent the erosion of wage increases over time and ensure permanent prosperity. While making structural reforms in the economy, we will focus on improving the efficiency of public administration, raising our democratic standards, and establishing a more effective justice system. Our goal is to grow within democratic stability and to fairly distribute the benefits of growth to all segments.”

Source: Newsroom

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