New targets in Turkey's energy transition: Şimşek announced the financing need

Turkish Treasury and Finance Minister Mehmet Şimşek said the country’s fiscal position remains strong, with the budget deficit at about 3% of national income and public debt near 22%. He put the funding need for Turkey’s green transition at roughly $300 billion and said investment aimed at reducing dependence on energy imports will continue. The estimate matters because it signals a large external financing requirement as Ankara pursues a shift away from imported fossil fuels. Watch for how the government plans to mobilize public and private capital, and whether the deficit and debt ratios hold as green investment scales up.