Ministry of Treasury and Finance Unveils Targets for 2023

​​The Minister of Treasury and Finance Nureddin Nebati unveiled targets for 2023 during the “Assessment of 2022 and Program for 2023 Targets" meeting at Dolmabahçe Office in Istanbul.

Minister Nebati said Türkiye achieved success in all macroeconomic indicators thanks to the New Economy Model in 2022, one of the most challenging years of the 20th century, when global inflation was at historically high levels and transportation costs were rapidly rising.

Additionally, Minister Nebati reaffirmed that the New Economy Model's primary policy instruments are encouraging TRY savings, adopting a selective credit policy, and enhancing the investment environment. Nebati noted that Türkiye seeks to achieve balanced and sustainable growth by 2023 through the effective use of these tools.

Minister Nebati highlighted that 1.4 million investors joined Borsa Istanbul and added, "The market value of companies has reached TRY 6.2 trillion with a hike of 184 percent in 2022. By encouraging public offerings in terms of taxation, we have enabled our companies to access additional financing of TRY 19.3 billion. As a result, 40 new companies made IPO in 2022."

Referring to Türkiye's USD 254.2 billion exports in 2022, Minister Nebati noted that Türkiye grew 6.2 percent in the first three quarters of 2022, with its growth forecast revised upwards at a time when global growth estimates were revised downwards.

“With the effect of our high-growth performance, we expect that our per capita income will exceed USD 10,000 in 2022, which is also above the Medium-Term Program (MTP) forecast. We expect it to surpass the USD 12,000-threshold in 2023," Minister Nebati added.​

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Minister of Treasury and Finance Nureddin Nebati; targets for 2023; Assessment of 2022 and Program for 2023 Targets