No new projects will be included in the 2024 investment program

The circular published in the duplicate issue of the Official Gazette states that saving on public spending to achieve sustainable growth, maintaining price stability by reducing inflation, increasing domestic savings, reducing the current account deficit, further strengthening public financial balances and fiscal discipline, and thus guarantee macroeconomic and financial stability. It was reported that protection will be the main priority.

“QUALIFIED INFRASTRUCTURE INVESTMENTS WILL HAVE PRIORITY”

In the circular, it is stated that the basic principle will be the efficient allocation and use of resources allocated to public investments in a manner that contributes maximally to specific policies in order to increase the speed and quality of public services. , and said: “While saving public investment expenditure at the highest level, priority will continue to be given to investments in economic and social infrastructure that support development potential. Public sector investments will be designed and implemented to complement investments of the private sector with a holistic approach. Public investment priorities will be determined to support innovative and productive private sector investments and trade; “Priority will be given to qualified investments in infrastructure that improve business, production, investments and the environment of life”.

“NO NEW PROJECTS WILL BE TAKEN EXCEPT IN NECESSARY CIRCUMSTANCES”

It was noted that the preparations for the 2024 investment program will be based on the purpose, policy, priority and financial framework in the Medium Term Program (PMP) for the period 2024-2026, as well as the strategic plans of the administrations. public. taken into account in the preparations, as long as they are compatible with the MTP. In financing proposals and project allocations; In the circular stating that priority will be given to ongoing priority projects that can be completed in the shortest time, the following statements were included:

* “No new projects will be included in the 2024 investment program, except for mandatory situations within the scope of the savings measures. Importance will be given to the maintenance and repairs necessary to make the most of the existing public fixed capital stock. No projects will be proposed that do not directly address the urgent needs of our citizens and the increase in the added value of the economy.

* In the coming period regarding the preparations of the 2024 investment program, all institutions should take into account the above-mentioned issues and the investment priorities, principles and limits specified in the ‘Guide to the preparation of the 2024 investment program -2026’, provided that they remain within the ceiling, 15 of the Presidency of Strategy and Budget “I request that you immediately send your suggestions for project-based changes, if any, to the investment proposals that you submitted based on the Announcement of Investment Requests for June 2023, to the Strategy and Budget Directorate through the Public Investment Information System (KaYa) at kaya.sbb.gov.tr.” (DHA)