Core Viewpoint - Turkey's Finance Minister, Mehmet Simsek, indicates that the Turkish lira is expected to gradually escape depreciation pressure due to a significant reduction in the current account deficit, recovery of international financing channels, and continuous improvement in macroeconomic indicators [1] Economic Indicators - In August 2023, Turkey achieved a current account surplus of $5.5 billion, with the annualized deficit decreasing to $18.3 billion, reducing the GDP ratio from 5.29% at the beginning of 2023 to 1.3% by the second quarter of 2025 [1] - Since the launch of economic reforms in September 2023, the five-year credit default swap for government bonds has decreased by approximately 460 basis points, allowing businesses and the treasury to secure lower financing costs in international markets [1] Debt and Fiscal Management - Turkey's total debt-to-GDP ratio is approximately 89%, which is significantly lower than the average of 242% for developing economies and 320% globally [1] - The government aims to improve the budget deficit by combating the gray economy and enhancing tax collection, with the deficit ratio expected to decrease to 3.1% by the end of this year [1] Future Plans - By 2026, Turkey plans to enter a new phase of structural transformation, accelerating railway infrastructure projects connecting industrial zones to ports, and deepening regional economic cooperation through free trade agreements and transport corridors [1] - Strategic priorities will include green energy, renewable resources, and local oil and gas development [1]