Nabati: EYT cost for this year’s budget is 255 billion lira

Nureddin Nebati, Minister of Finance and Finance, said: “We have taken very strict measures for the 2023 budget for the regulation of the retirement age (EYT). We have calculated the cost of EYT for the budget at 255 billion lira for this year, it is ready at the cash register, ”he said.

Nebati responded to questions from news agencies and representatives of Ankara newspapers and business reporters.

“I had to be ready when the Minister of Finance of the Republic of Turkey told me: ‘You will make this payment,'” Nebati said.

‘COST OF IMPROVING 1 POINT TO THE PENSION 19 BILLION TL’

Nabati also spoke about the cost of increasing pensions and salaries of civil servants.

Nebati said: “The cost of 1 point improvement for retirees and civil servants is 19 billion lira, a cost close to 15 points adds up to 270 billion lira,” Nebati said. This does not include the guarantees of the Credit Guarantee Fund”, he said.

NETWORK MISTAKES ARE ‘FEELING’ IN CRITICAL KNOWLEDGE

When asked about CHP Chairman Kemal Kılıçdaroğlu’s allegations about Turkey’s “net errors and omissions”, Nebati said:

“The network started with the accusations of errors and omissions, they used phrases that said as if this country was money laundering, drug money.

This statement by the Chairman of the opposition party of the Republic of Turkey is a very serious accusation against his own country. He made an accusation as if there were only clear errors and omissions in Turkey, I was very sorry.

Someone with a bit of respect for his country, a bit of love and a feeling of nationalism wouldn’t use those expressions.

Based on 2021 data, US NOE is $137 billion, its GDP rate in 2021 is 6 per thousand, Germany is $60 billion NET, its ratio to GDP is 1.4 percent, England is $25.5 billion 0.8 percent, Turkey The net omitted error of $1.4 billion in 2002 is 2 per thousand, this figure will increase to 21 billion dollars in 2022, its ratio to GDP will be around 1.5 percent. In this period, England’s net error gap increased from $25 billion to $69 billion, and Germany’s from $60 billion to $88 billion.

HAS A GANG OF 5: WHERE AN ENTREPRENEUR HAS TRADE…

Nebati had this to say about the allegations that Kılıçdaroğlu made unfair profits for groups he called the “five gangs” through some public tenders:

“The people you describe are not only doing business in Turkey, they are also doing business abroad, they are also doing business in municipalities in some provinces. Wherever there is business, a businessman is going to make money.

The tenders are transparent, the transactions are transparent, the payments are made through the banks. This is the expression of a mind that was marginalized as ‘green capital’ in the 1990s. It is not correct to make such marginalizations and describe Turkey as a paradise of black money. They are phrases used to deliberately harm the country.”

‘THE CONFIGURATION AFFECTS 7.9 MILLION PEOPLE’

Minister Nebati, on questions about the restructuring, said that there are public receivables that have not been collected for 40-50 years, and this is a burden on the public. For this reason, he affirmed that they made a regulation to settle accounts receivable of less than 2 thousand liras in the restructuring and that this regulation only affects 7.9 million people.

‘FUEL AND FERTILIZER PRICES ARE LOW LAST YEAR’

On the question of how to reduce food inflation, Nebati stated that they made salary increases for low and fixed income people against inflation and said, “There is no reason to increase food prices. Fertilizer and diesel prices are below last year. Except for personnel expenses, there is no increase anywhere. We anticipate that the increase in food prices can be controlled.”

‘OUR CENTRAL BANK RESERVES ARE VERY SOLID’

Asked if they see any risk of economic trades affecting the elections in Turkey, Nebati said: “Turkey’s macroeconomic indicators are not open to any trades, and trades made will be worth nothing. We got into debt in January, we borrowed 2.75 billion dollars. We continue with our loans. The reserves of our Central Bank are very solid. We don’t have any problem with the macroeconomic indicators. There is no area where they can operate in monetary terms,” he said.

A CALL TO THE ECONOMISTS OF TABLE 6

Stating that he looked at the text of the common policies announced by the opposition and that they did not have a roadmap on how to prevent inflation, Nebati said: “I make an open call to Table 6 or to the economists of Table 6.”

Nabati continued:

They say ‘we will reduce inflation’, that they explain to them what their instruments are for that. Will you raise interest rates or not? If you are going to increase the interest rate, how much do you want to increase? How will the headline communicate with inflation? How much will unemployment and the number of companies that close with this increase? If you plan to borrow money from the IMF, how much will you borrow? How much interest will you pay for this? How much will this affect imports and exports? They never use them,” he said. (DHA)