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President Erdogan announced Turkey's 5-year development roadmap

President Erdogan announced Turkey's 5-year development roadmap

October 17, 2023

Erdogan: "We have finalized our 12th Development Plan, which outlines Turkey's roadmap for the next 5 years that we have been working on with a vision of 2053. Today we are presenting our 12th Development Plan, which we have prepared with the participation of our non-governmental organizations, professional organizations, business community and Parliament."

The 5-year development plan consists of 5 pillars: 

Skilled educated people, strong families, healthy societies.
Stable growth, strong economy.
Competitive manufacturing with green and digital components
Disaster-resistant living space, safe environment.
Democratic governance based on equity.

 "During the 12th development plan period, we aim for a stable and balanced growth of 5% on average. In 2028, we aim to achieve a national income of 1 trillion. 589 billion dollars and a per capita income of $17,554. We plan to reduce the unemployment rate to 7.5% by the end of this period by increasing employment by an average of 3% per year. We plan to reduce inflation to 4.7% by the end of 2028 and the current account deficit to near zero by increasing merchandise exports to $375 billion and increasing tourism revenues to $100 billion. We aim to permanently bring inflation down to single digits: to 4.7% by the end of 2028. I wish that the 12th development plan, which will guide our state and nation, will be successfully realized by us," the Turkish President said."

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