Categories: Economy

Where is the money for 650 thousand houses?

Where is the money for 650 thousand houses?

First According to the official data of the Ministry of Finance and Finance, the total amount of money, which was issued under the name of earthquake tax and later collected from the public under the name of Special Tax on Communications (ÖİV), reached 34.5 billion. of dollars. . The equivalent of this amount at today’s exchange rates is approximately 650 billion lire. With this money, 650 thousand houses can be built at a cost of 1 million TL each. If this huge money raised by the earthquake had been kept in an earthquake fund, just like the unemployment insurance fund, the necessary resources would have been ready for the houses that were destroyed in today’s big earthquake. However, there is no such amount of resources ready to be spent by the earthquake in the state records. It is not known where the money from the earthquake is spent in other parts of the budget.

MEETING SINCE 1999

According to the official budget data of the Ministry of Finance, 420 million lire was collected in 2000 from the Special Communications Tax, which was collected by the State for the first time with the law enacted immediately after the 1999 earthquake and has been in the tax list for about 24 years. The money raised corresponded to 685 million dollars according to the average exchange rate of the year that day. Earthquake tax collection has continuously increased from year to year on a TL basis, and reached $3.520 billion in 2008 on a dollar basis. Despite the continued increase in TL earthquake tax collection, there has been a decline in dollar terms, especially since 2018 when the exchange rate increased. At the end of 2022, the money raised reaches 34 thousand 463 million dollars. This corresponds to TL 571.2 billion at the average dollar exchange rate in 2022, and approximately TL 650 billion at the current exchange rate.

He meets the places destroyed in the earthquake

There are 2 million 175 thousand homes in 10 provinces hit by the earthquake. It appears that 1 million 56 thousand of these houses have mandatory earthquake insurance, and 1 million 119 thousand do not have insurance. In the latest data, it was reported that 6,444 buildings were destroyed due to the earthquake. Considering that there are an average of 10 apartments in these buildings, it is estimated that approximately 60,000 homes have been completely unusable. Assuming that the number of buildings that are not completely destroyed but remain unusable is around 60,000, it is stated that the housing deficit in the earthquake zone is around 125,000 even with the lowest estimate, and this number can be as high as to 150 thousand. Even in making the estimates, it is claimed that 150 thousand new houses can be built in 10 provinces with approximately 150 billion lira of the approximately 650 billion lira raised by the earthquake.

earthquake dollar finance ministry money

Source: Sozcu

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