Şimşek vows to maintain fiscal discipline, stay on disinflation path
Finance Minister Mehmet Şimşek has stated the government would maintain fiscal discipline and continue implementing policies aimed at supporting the disinflation process, underscoring the role of budget discipline in achieving price stability.
Despite foregoing some tax revenues to limit the impact of geopolitical developments on inflation, the budget recorded a non-interest budget surplus of 521 billion Turkish Liras in the first half of the year, Şimşek said in a social media post on July 20.
The budget deficit improved by 38 billion liras compared with the same period a year earlier, he added.
Şimşek said the budget deficit-to-GDP ratio, which stood at 2.9 percent in 2025, was estimated to have declined to around 2.5 percent on a rolling annual basis as of June.
