Turkish Tax News

Mehmet Şimşek is the new Minister of Treasury and Finance

The new cabinet formed after the presidential election was published in the Official Gazette as the Presidential Decision No. 2023/284.

After the appointment made by President Recep Tayyip Erdoğan, Mehmet Şimşek became the Minister of Treasury and Finance of the new period.

After the handover at the Ministry of Treasury and Finance, Şimşek took over the task from Nurettin Nebati.

At the ceremony held on Sunday, Mehmet Şimşek said:

“The main goal of our government is to increase social welfare. Transparency, consistency, predictability and compliance with international norms will be our basic principles in achieving this goal in the upcoming period.

Turkey has no choice but to return to a rational basis. A rule-based, predictable Turkish economy will be the key to achieving the desired prosperity.

We will prioritize macro financial stability by strengthening our institutional capacity and quality in a conjuncture where global challenges and geopolitical tensions increase.

We will start our Medium Term Plan (OVP) work without wasting time. Establishing fiscal discipline and ensuring price stability for sustainable high growth will be our main goals.

It is vital for our country to reduce inflation to single digits again in the medium term, to increase predictability in all areas, and to accelerate the structural transformation that will reduce the current account deficit.

Our main policy will be to support our Central Bank in the fight against inflation through the fiscal policy and structural reforms to be implemented.

Within the framework of these priorities, we will carry out our work in coordination with the relevant ministers and institutions.” made the statement.

Who is Mehmet Simsek?

He was born on January 1, 1967 in Batman. His father's name is Hasan, his mother's name is Mehdiye.

Economist; He graduated from Ankara University, Faculty of Political Sciences, Department of Economics. He completed his master's degree at the University of Exeter in England.

He worked as an economist, strategist and manager in international organizations in Ankara, Istanbul, New York and London. He was named "Minister of Finance in Emerging Europe" in 2013 by "Emerging Markets" magazine, and was shown as one of the 500 most influential people in the world by "Foreign Policy" magazine in the same year.

He was elected as Gaziantep Deputy in the 23rd term and Batman in the 24th term.

He served as the Minister of State and Ministry of Finance in the 60th Government, and the Minister of Finance in the 61st and 62nd Governments. He served as the Deputy Prime Minister in the 64th and 65th Governments.

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