Artificial intelligence to oversee Turkey’s public spending
According to Treasury and Finance Minister Mehmet Şimşek, the Artificial Intelligence Supported Accounting and Advanced Analytics Project will be implemented to ensure efficiency in public spending with an early warning system.
Turkey is planning to use artificial intelligence to get out of its current economic situation and get back on track. In this context, Treasury and Finance Minister Mehmet Şimşek said, “We will implement the Artificial Intelligence Supported Accounting and Advanced Analytics Project in order to ensure efficiency, quality, speed and savings in public spending with an early warning system.”
Public expenditures entrusted to artificial intelligence
The Presidential Savings Measures Circular aims to use the resources of the Ministry more efficiently. Minister Şimşek stated that within the scope of increasing service quality, accounting services will be carried out centrally, using modern information technologies, thus speeding up the processes. In this way, while downsizing the public sector with technology, service quality will not be compromised.
Şimşek said that they will implement the Artificial Intelligence Supported Accounting and Advanced Analytics Project to ensure efficiency, quality, speed and savings in public expenditures, underlining that the effectiveness of decision-making and policy development processes will be increased with artificial intelligence. Thanks to artificial intelligence, inefficient spending areas will be eliminated and new spending areas will be limited, increasing efficiency in public spending. The project will contribute to the effectiveness of internal and external audit activities by creating a risk-oriented financial audit infrastructure supported by artificial intelligence.
Stating that the project will be carried out within the scope of the Integrated Public Financial Management Information System, Şimşek said, “Artificial intelligence will analyze our expenses in detail, identify savings opportunities and analyze the spending habits of our institutions and offer institutionalized spending recommendations.”
In the project, with the support of TÜBİTAK BİLGEM, data analysis and artificial intelligence methods will be used on data within the scope of usage scenarios to be developed on platforms such as accounting, payment, escrow, collection, financial statistics, expenditure, salary and movables. It is aimed to finalize the preliminary preparatory work within two months and to make expenditures and payments supported by artificial intelligence in a short period of 12 months.
