The Minister of Treasury and Finance, Şimşek, revealed their goal to maintain the current account deficit at a sustainable level. Şimşek stated, “We will make structural steps permanent in line with the current account balance target.” Treasury and Finance Minister Mehmet Şimşek evaluated the current account balance data. Şimşek, in his sharing from X account, used the following expressions: “The current account deficit realized significantly below our Medium Term Program target in 2024 at 10 billion dollars (approximately 0.7 percent of GNI). Compared to the previous year, the current account balance improved by 29.9 billion dollars, and compared to the peak in May 2023, it improved by 45.1 billion dollars. In a period where our economy grew and growth in our biggest trading partner, the EU, remained weak, the significant decrease in the current account deficit was due to the resilient structure of exports, reduction of import dependency, and strong tourism revenues. With our program, capital inflows accelerated thanks to increased confidence and predictability, making access to external financing easier while reducing costs. In 2024, there was a net portfolio inflow of 11.7 billion dollars, while the external debt rollover rates of non-financial sector and banks increased to 144 and 159 percent, respectively. Decreasing the current account deficit contributes to the decline in external financing needs, accumulation of reserves, and strengthening of economic stability. We anticipate that the current account deficit, which we expect to have limited growth in the upcoming period due to uncertainties in global conditions and the revival of economic activity, will remain at a sustainable level. We will make the gains we have achieved in line with our sustainable current account balance target permanent through structural steps.”