Official Gazette 25 Apr 2026: KİT investment program and KUDF change

The Official Gazette dated April 25, 2026 (issue 33234) published a range of presidential decisions, amendments to the state enterprises' investment program and regulatory measures; notable items include changes to the State Economic Enterprises (KİT) investment plan, an exception regarding the Resource Utilization Support Fund (KUDF) and several privatization and expropriation decisions.

One of the most material measures is a KUDF-related decision that sets the KUDF rate at zero for certain credits from the Asian Development Bank to residents other than banks and finance companies, effectively exempting those external loans from the fund cut. The same issue includes a decision amending the 2026 general investment and financing program for KİTs, updating procedures on investment timetables and limits on service and personnel-related expenditures.

The Gazette also contains multiple Privatization Administration (Özelleştirme İdaresi) decisions and urgent expropriation orders tied to energy transmission projects. These measures define assets to be privatized or expropriated for infrastructure projects and may influence local real estate valuations, privatization revenues and sector-specific investment flows in the near term.

Official publications in the Gazette reiterate that the Central Bank of the Republic of Türkiye (CBRT) publishes daily indicative exchange rates and government domestic debt instrument values, which market participants use as official reference data; CBRT statistics and market data are accessible through its statistical portals. These daily releases feed into short-term FX and fixed-income pricing.

Market commentators expect that the KUDF exception could lower financing costs for eligible projects and that the KİT program amendments will be evaluated for their fiscal and operational implications. Investors will likely watch the implementation details of privatization tenders and any resulting transaction calendars closely; clear timelines and tender outcomes will determine the material market impact over the coming weeks.