According to the compilation made from the Investment Program Preparations for the 2024-2026 Period, strengthening macroeconomic and financial stability in the said period, encouraging high value-added production, ensuring a permanent improvement in growth and current account balance through productivity and export increase with a focus on green and digital transformation, keeping inflation at moderate levels. The aim is to reduce it to single digits in the term, improve the business and investment environment, and maintain financial discipline while effectively combating disasters.
Accordingly, organizations will make their aid offers by taking into account the size and cost of the physical targets they can achieve in the 2024-2026 period within the framework of the targets in the Medium Term Program (MTP), investment ceilings and project priorities in the guide.
The mentioned organizations will make earthquake-related investment proposals for projects defined specifically for the earthquake. Earthquake appropriations will only be used in projects specifically defined for earthquakes.
New multi-year projects will not be included in the investment program except in urgent and absolutely necessary situations. This restriction will continue during the investment program implementation process. The utmost selectiveness will be exercised in including annual project proposals into the investment program, and emphasis will be placed on investments that extend the life of existing assets.
When determining funding bids, it will be essential for organizations not to extend the completion period of existing projects and to allocate the necessary funds to be able to put out tenders for new projects.
Public institutions will take measures to reduce the average completion time of the investment stock. If deemed necessary, the Presidency’s Strategy and Budget Directorate (SBB) will take additional measures that may be needed to reduce the average completion time of the projects in the investment program.
Current expenditures will not be included in project proposals. Public institutions will implement measures that will reduce the average completion time of the investment stock.
Top policy documents will be prepared with a budgeting approach sensitive to equality of opportunity between men and women in order to ensure inclusive growth and social welfare within the framework of the provisions of national and international agreements, and priority will be given to projects aimed at ensuring this equality.
Projects in provinces affected by the earthquake are within the scope of priority
In public investments, priority will be given to projects that will make the maximum contribution to growth, to support private sector investments, to activate the development potential of the regions, to increase production, employment and country welfare, and to economic and social infrastructure projects that cannot be realized by the private sector.
In addition, projects that will support the reduction of production costs in public investments, infrastructure and the private sector, the creation of new production capacities, and thus the innovative and competitive development of production will be at the forefront.
Projects related to the goal of qualified manpower and a strong society that will support macroeconomic targets and make growth sustainable will also be included in the investment program as a priority.
In the said period, the priority manufacturing industry sectors of the 11th Development Plan, including those carried out with the PPP model in public investment allocations, and horizontal areas such as R&D, digitalization, human resources, logistics, energy and education, which will strengthen the human and physical infrastructure for these sectors, as well as agriculture and tourism. and defense industry areas will be given priority.
Public investments will be allocated to projects that will contribute to reducing development differences between regions. The priorities and measures of the regional plan to which the project proposals relate will be included in the social analysis section of the feasibility studies to be prepared for investment projects. Priority will be given to investments within the scope of action plans prepared for the provinces within the areas of responsibility of GAP, DAP, DOKAP and KOP Regional Development administrations.
Priority will be given to investments in areas that will contribute to the transformation of prominent sectors in the economies of the regions into production structures with higher added value and higher competitiveness.
On a project basis, priority will be given to the sectors and areas included in the 11th Development Plan, projects for the reallocation of infrastructure in the provinces affected by the earthquakes centered in Kahramanmaraş on February 6, and priority projects that can be completed and put into service in 2024.
In addition, emphasis will be placed on projects that have achieved significant physical realization, maintenance-renovation, maintenance-repair, rehabilitation and modernization type investment projects for more effective use and protection of the existing capital stock, and projects aimed at reducing disaster risks, preparing for disasters and compensating for disaster damages.