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

Balochistan tragedy
Updated 26 May, 2026

Balochistan tragedy

The state keeps reiterating the role of hostile foreign actors in fomenting unrest, yet seems to be short on ideas on how to prevent the ingress of such actors and their ideologies in Baloch society.
Economic engagement
26 May, 2026

Economic engagement

AN array of investment MoUs valued at $7bn signed during Prime Minister Shehbaz Sharif’s China visit signifies...
Flotilla abuse
26 May, 2026

Flotilla abuse

THE testimonies that have emerged from international activists, who were part of a Gaza-bound flotilla, paint a...
In chains
Updated 25 May, 2026

In chains

THE question should never be about who is at the receiving end at any given point in time: an assault on an...
Climate shocks
25 May, 2026

Climate shocks

THE latest State Bank report documenting recurring climatic disasters in Pakistan during the period between 2000 and...
Justice deferred
25 May, 2026

Justice deferred

PAKISTAN’S courts are quick to remind the public that justice takes time. Increasingly, however, it is the conduct...