Güçlüsoy: The Primary Goal of the Plan is to Establish a Sustainable Structure in Public Finance

Speaking at the opening of the TRNC 4th Five-Year Development Plan Meeting, Güçlüsoy highlighted that the plan is centered around five main pillars: "Stable and Strong Growth," "Competitive and High Value-Added Production," "Livable Spaces, Sustainable Environment," "Strong Society, Qualified and Healthy Individuals," and "National and International Cooperation."

Güçlüsoy explained that the most recent Development Plan was prepared in 1993, and following the directives of Prime Minister Ünal Üstel and the circular issued by the Prime Ministry, they have initiated efforts for the country’s and future’s plans.

The creation of the plan involved contributions from various ministries, public institutions, civil society organizations, economic organizations, academics, and private sector representatives.

FIVE MAIN PILLARS, 14 DIFFERENT SECTORS

Güçlüsoy mentioned that the plan, coordinated by the SPO, was developed with five main pillars and 14 different sectors, thanking the special expertise commissions for their contributions.

He also acknowledged the participation of experts from the Turkish Presidency and the Strategy and Budget Department in the preparation and reporting process, expressing gratitude for their contributions.

"THE PLAN IS NOT LIMITED TO ECONOMIC DEVELOPMENT"

Güçlüsoy stressed that the Development Plan identifies development priorities in all areas and creates a roadmap for common goals, noting that the plan is a holistic one that values social and cultural aspects alongside economic development.

During the preparation process, they closely monitored global and regional economic and political developments, carefully analyzing opportunities and risks. Güçlüsoy emphasized that they maintained continuous cooperation and dialogue with academics, civil society organizations, economic organizations, cooperatives, institutions, and their representatives.

FIVE MAIN PILLARS

Based on the fundamental values and expectations of the public, the comprehensive roadmap comprises five main pillars:

1. Stable and Strong Growth

2. Competitive and High Value-Added Production

3. Livable Spaces, Sustainable Environment

4. Strong Society, Qualified and Healthy Individuals

5. National and International Cooperation

Güçlüsoy detailed that these pillars are aimed at ensuring public financial discipline, accurate and high-quality economic growth, and planning economic and financial policies in a way that does not create inflation, with the primary goal of establishing a stable and sustainable structure in public finance.

Financial policies within the plan focus on supporting qualified growth, sustainability of resources, and effectiveness and efficiency in usage. Additionally, they aim to increase revenues from tourism and higher education, boost the export of high value-added products, and improve the current account balance.

The priorities for the plan period include establishing a highly competitive and efficient financial sector with a strong institutional infrastructure and effective control of the informal economy. Public enterprises will be managed and monitored within the criteria of efficiency and profitability.

The effective implementation of the development plan through executive decision-making mechanisms will be ensured, assigning responsibilities to public institutions for determining their priorities and applying relevant policies and goals.

The plan will also form the basic framework for resource allocation in budget preparation processes, with public institutions preparing investment and current expenditure plans, institutional and legal regulations, in consideration of the policies and goals outlined.

The monitoring and evaluation of the Development Plan will be conducted by the Monitoring and Coordination Department under the coordination of the SPO, with annual reports published on the progress towards plan goals. Güçlüsoy concluded by expressing hopes for the successful implementation of the 4th Five-Year Development Plan.