According to the text detailing the Savings and Efficiency Package in the Public Sector, there will be significant changes in the public sector over the next three years. No new vehicle and building purchases/rentals will be made, new personnel will be recruited to the public sector in proportion to those who retire, and board fees will be limited.
The aim of this package is to increase savings and ensure discipline in public spending. Within this framework, existing vehicles will be managed with existing vehicles and the purchase of new vehicles will be suspended for 3 years. The purchase and construction of new buildings will also be halted. A balanced increase in the number of personnel is aimed by hiring as many personnel as those who retire. There will also be an upper limit on board salaries. With this package, it is aimed to increase the efficiency of the public sector and adopt a culture of savings.
Treasury and Finance Minister Mehmet Şimşek Launches New Era in Public Expenditures
Treasury and Finance Minister Mehmet Şimşek, together with Vice President Cevdet Yılmaz, announced a comprehensive package of public savings and fiscal discipline measures. Here are the details:
New Personnel to be Hired as Many as Retirees, Board of Directors’ Salaries to be Limited
According to the package, no new vehicle and building purchases/rentals will be made in the public sector and new personnel will be recruited as many as those who retire. In addition, there will be a limit on the board fees received by public employees.
Savings and Efficiency Culture to be Strengthened in the Public Sector
This package aims to strengthen the culture of savings and efficiency in the public sector. Various measures will be taken to control public expenditures and increase efficiency.
Treasury and Finance Minister Mehmet Şimşek: “Fiscal Discipline is Important”
In his statement, Minister Şimşek said that the most important priorities are to reduce the cost of living and bring inflation down to low single digits. Emphasizing the importance of fiscal discipline, he stated that this package aims to increase the soundness in public finances.
Public Investments to be Prioritized
Public investments will be prioritized and projects with high physical progress will be prioritized. These projects include those with earthquake risks, those that increase food supply and green-digital transformation projects.
Monitoring and Inspection Mechanisms to be Strengthened
Monitoring and supervision mechanisms will be strengthened to ensure effective implementation of the measures. It will be ensured that all institutions comply with these measures and implement them without exception.
The Package Will Be the Beginning of a New Era in Public Finance
It is stated that this package will be the beginning of a new era in public expenditures. It is emphasized that the steps taken in terms of savings and fiscal discipline in the public sector are an important step towards strengthening economic stability.
