Amendment to Presidential Decree No. 10501 on the 2026 General Investment and Financing Program for State Economic Enterprises and Their Subsidiaries (Decree No. 11146)

Presidential Decree No. 11146, issued on April 3, 2026, amends the earlier Presidential Decree No. 10501 dated October 17, 2025, which had established the General Investment and Financing Program for State Economic Enterprises (KİT) and their affiliated subsidiaries for the fiscal year 2026. Such amendments typically revise capital expenditure ceilings, borrowing limits, equity injection targets, or transfer authorizations for specific state-owned enterprises operating under Turkey's central budget framework. The amendment reflects a mid-cycle adjustment to the investment and financing parameters set for Turkey's state-owned enterprise sector, likely driven by macroeconomic developments, revised revenue and expenditure forecasts, or sectoral financing needs that have emerged since the original program was approved in October 2025. These programs are binding planning instruments that govern how KİTs allocate their budgets across investment projects and how they finance those activities through equity, debt, or treasury transfers. The specific changes introduced by Decree No. 11146 modify one or more tables or annexes of the original decree, potentially altering approved investment amounts, foreign borrowing authorizations, domestic credit limits, or inter-enterprise financial transfer ceilings for individual state enterprises. The April 2026 timing suggests alignment with Q1 2026 budget execution reviews.

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