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Public enterprises plan 754.2 billion liras in investments for 2027
The 2027 investment target for state-owned enterprises and their subsidiaries was set at 754 billion 196 million 990 thousand liras. Türkiye Petrolleri Anonim Ortaklığı received the largest share of the investment program at 353.8 billion liras, while TCDD and TEİAŞ were also among the organizations allocated the highest investment amounts.
The Presidential Decision on Determining the General Investment and Financing Program for State-Owned Enterprises and Their Subsidiaries for 2027 was published in the Official Gazette.
The decision calls on state-owned enterprises to take measures to increase efficiency and profitability within the framework of corporate governance principles, implement effective human resources policies, and focus on research and development and innovation in their fields of activity.
Energy efficiency and fiscal discipline targets
Under the program, the enterprises were asked to make use of idle real estate and set the quantities and prices for raw material procurement and the production of goods and services in line with the program targets. Public enterprises are expected to follow developments in production technologies and review their information and communications infrastructure and organizational structures.
State-owned enterprises were required to keep their use of commercial credit and financial obligations to a minimum, increase production from domestic and renewable energy sources, and implement energy-efficiency measures. The program also includes a risk-management and savings-oriented approach to business operations.
Budget and debt payment schedule
State-owned enterprises will prepare their 2027 operating budgets and submit them by December 31 to the Ministry of Treasury and Finance or the Presidency of the Privatization Administration, depending on their status.
Subject to the relevant legislative provisions, the enterprises may set the prices and tariffs for the goods and services they produce. This pricing will take into account the principles and policies of the economic program, fiscal targets and the financing needs of the organizations.
Public enterprises are expected to take the necessary measures to pay their debts to both the public and private sectors on time and collect their receivables, including dividends, on time.
TPAO receives the largest investment allocation
The total investment amount for 2027 was set at 754 billion 196 million 990 thousand liras. The investment target for Türkiye Petrolleri Anonim Ortaklığı was set at 353.8 billion liras, while 122.7 billion liras was allocated for the General Directorate of the State Railways of the Republic of Türkiye and 75.7 billion liras for Türkiye Elektrik İletim AŞ.
Financial targets for the organizations
The following amounts, in thousands of liras, show the investment, borrowing requirement and primary surplus targets:
- Türkiye Şeker Fabrikaları AŞ: 5,718,100 investment, 26,607,882 borrowing requirement, minus 3,225,258 primary surplus.
- Eti Maden İşletmeleri Genel Müdürlüğü: 13,500,000 investment, minus 5,208,453 borrowing requirement, 1,814,295 primary surplus.
- Türkiye Taşkömürü Kurumu: 3,000,000 investment, 34,565,157 borrowing requirement, 644,093 primary surplus.
- Türkiye Kömür İşletmeleri Kurumu: 160,500 investment, 13,662,491 borrowing requirement, 16,190,431 primary surplus.
- Elektrik Üretim AŞ: 13,500,000 investment, 246,151,953 borrowing requirement, 37,861,354 primary surplus.
- Türkiye Elektrik İletim AŞ: 75,684,000 investment, minus 7,016,729 borrowing requirement, 11,000,000 primary surplus.
- Türkiye Petrolleri AŞ: 353,808,640 investment, 120,056,497 borrowing requirement, minus 104,339,050 primary surplus.
- Boru Hatları ile Petrol Taşıma AŞ: 70,000,000 investment, 311,869,447 borrowing requirement, 3,705,866 primary surplus.
- Toprak Mahsulleri Ofisi: 1,215,150 investment, 68,568,158 borrowing requirement, 76,818,876 primary surplus.
- Çay İşletmeleri Genel Müdürlüğü: 300,000 investment, 11,782,891 borrowing requirement, 12,700,681 primary surplus.
- Tarım İşletmeleri Genel Müdürlüğü: 2,150,000 investment, 6,214,029 borrowing requirement, minus 485,362 primary surplus.
- Et ve Süt Kurumu Genel Müdürlüğü: 1,237,800 investment, 870,717 borrowing requirement, minus 2,870,717 primary surplus.
- Devlet Malzeme Ofisi Genel Müdürlüğü: 303,000 investment, minus 137,611 borrowing requirement, minus 6,262,389 primary surplus.
- Türkiye Cumhuriyeti Devlet Demiryolları İşletmesi Genel Müdürlüğü: 122,744,000 investment, 238,671,802 borrowing requirement, 22,618,469 primary surplus.
- TCDD Taşımacılık AŞ: 45,000,000 investment, 66,534,777 borrowing requirement, 1,519,519 primary surplus.
- Türkiye Raylı Sistem Araçları Sanayii Anonim Şirketi: 13,594,000 investment, 5,073,234 borrowing requirement, 19,731,443 primary surplus.
- Devlet Hava Meydanları İşletmesi Genel Müdürlüğü: 26,000,000 investment, minus 10,584,019 borrowing requirement, 8,749,036 primary surplus.
- Kıyı Emniyeti Genel Müdürlüğü: 4,638,000 investment, minus 1,884,404 borrowing requirement, minus 2,179,667 primary surplus.
- Türkiye Elektromekanik Sanayi AŞ: 741,000 investment, 708,787 borrowing requirement, 775,814 primary surplus.
- Türkiye Elektrik Dağıtım AŞ: 812,500 investment, minus 3,808,333 borrowing requirement, 1,925,821 primary surplus.
Organizations with a majority public ownership stake
- Sümer Holding AŞ: 300 investment, 403,534 borrowing requirement, 21,766 primary surplus.
- Türkiye Denizcilik İşletmeleri AŞ: 90,000 investment, minus 207,727 borrowing requirement, 88,705 primary surplus.
- Ankara Doğal Elektrik Üretim ve Ticaret AŞ: no investment target, minus 46,374 borrowing requirement and 11,047 primary surplus projected.
Source: Anadolu Ajansı
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