ANKARA: Turkey plans to bring its economic management team under one roof to improve collaboration between the Treasury and Finance Ministry, if President Tayyip Erdogan is re-elected in next month’s elections, officials said.

The plan will see the government combine the bulk of the economic management team under a new Treasury or Finance Ministry, officials familiar with the matter told Reuters, declining to be identified.

The changes are aimed at streamlining government and will see the number of ministries cut to 14 from 21 now, the officials said. Turks go to the polls on June 24 for snap parliamentary and presidential polls. If re-elected, Erdogan will gain sweeping executive powers narrowly backed in a referendum last year.

One source said the moves would simplify dealings with government bodies, such as applications for investment incentives for businesses in Turkey.

“Under the current system, you apply to a ministry for incentives and another ministry to follow up with the incentive, another ministry for the payment of the incentive, and finally another ministry for the inspection,” the source said.

“This logic isn’t right.” Deputy Prime Minister Mehmet Simsek oversees the economy, although the economy, finance, trade and development ministers all hold economy-related positions.

Under the plan, the Development Ministry, the Customs and Trade Ministry, parts of the Economy Ministry, and the tourism branch of the Culture and Tourism Ministry will be folded into to the new ministry, the officials said.

Published in Dawn, June 1st, 2018

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Writing on the wall
27 Jul, 2026

Writing on the wall

EVERY few months, another set of figures reminds Pakistan of a painful reality. Sahil’s latest Six Months Cruel...
Still unprepared
27 Jul, 2026

Still unprepared

EVEN as Pakistan counts around 100 deaths since the onset of the monsoon season on June 26, it is bracing for ...
Delayed devolution
27 Jul, 2026

Delayed devolution

THE debate over Islamabad’s reluctance to fully let go of devolved subjects has been running since 2010. But it ...
Quid pro quo
Updated 26 Jul, 2026

Quid pro quo

Accepting Israel would mean legitimising its violence against the Palestinians, as well as its neighbouring Arab states and Iran.
AI in government
26 Jul, 2026

AI in government

THE Prime Minister’s Office has announced the introduction of an AI-powered digital system and directed ministries...
Cautious optimism
26 Jul, 2026

Cautious optimism

THE latest polio surveillance figures offer some encouraging news regarding the difficult fight against polio. The...