Published Plan for the Financial Development of the TRNC for 2025–2027

The TRNC Ministry of Finance has approved a medium-term financial plan for the period 2025-2027, which has been published in the "Official Gazette" following approval by the Council of Ministers. The primary objective of this economic policy is to reduce inflation to single digits and enhance the business and investment climate.

This financial plan outlines the budgets of the Central Government Administration, sets forth key goals and policies, identifies national priorities, and establishes maximum limits for proposed institutional allocations.

The overarching goal of economic policy during this period is to uphold macroeconomic stability and fiscal discipline, achieve budgetary balance, curb inflation, stimulate economic growth, boost employment, and improve income distribution.

The plan emphasizes achieving savings in current expenditures by prioritizing government spending, with the funds saved earmarked for investment projects.

Continued efforts will focus on fostering private sector and foreign investments to ensure sustained growth in public finances. Moreover, measures aimed at reducing inefficiencies in the public sector will be implemented, and a sustainable balance in public finances will be sought.

Efforts to combat the shadow economy and money laundering will be intensified to enhance effectiveness.

Immediate steps include the preparation and implementation of a comprehensive health insurance law, along with the completion and activation of all modules of the electronic healthcare system under the e-government framework.

The ultimate objective of the program is to gradually reduce the budget deficit, starting in the 2025 financial year, achieve revenue-expenditure equilibrium, attain budgetary balance by the end of the 2026 financial year, and increase the central government budget in 2027.