"These targets aim to ensure that the economy reaches its potential growth capacity and achieves a stable growth trend in the long term," Yilmaz said, stressing that the growth path aligns with disinflation course.

GDP at current prices is expected to rise to 44.2 trillion liras ($1.33 trillion) this year, up from 26.5 trillion ($1.13 trillion) last year, he was cited as saying by a domestic news agency.

The programme targets an 83.1-trillion-liras ($1.77-trillion) GDP at current prices in 2027 and a $20,420 GDP per capita at current prices, Yilmaz noted.

The country’s economy grew last year at 5.1 per cent, with its GDP at current prices reaching $1.13 trillion.

The main objective of the programme is to ensure price stability and the consumer inflation is aimed to decrease to 17.5 per cent in 2025, Yilmaz said.

The inflation rate is projected to drop to 9.7 per cent in 2026 and 7 per cent in 2027, he said.

The government aims to generate 2.3 million additional jobs during the mid-term economic programme or 2025-27, he said.

The jobless rate is projected to come in at 9.3 per cent this year, revised downwards from 10.3 per cent, and to increase to 9.6 per cent next year as part of the rebalancing process of the economy, Yilmaz added.

Fibre2Fashion News Desk (DS)