CHP calculated the cost of the earthquake

According to the CHP report entitled “The possible cost of the Kahramanmaraş earthquakes for the Turkish economy, reflections and measures to be taken”, the cost of the earthquakes that occurred in Kahramanmaraş on February 6, which affected many such as Hatay, Gaziantep, Adıyaman, Kilis, Şanlıurfa, Malatya, there were 126 It was 300 million dollars.

According to the report, the loss and damage to buildings due to the earthquakes amounted to 44.2 billion dollars. When added to this the $6.6 billion in damages from lost household goods and the $1.5 billion in losses from lost vehicles and automobiles, the direct damage suffered by citizens exceeds $52 billion.

According to the information in the report, the physical damage caused by the earthquake in the infrastructure, agriculture, industry and services sectors amounts to 24.3 billion dollars; The loss of added value that will occur as a consequence of the decrease in productive activities reached 13.3 billion dollars. Demolition, excavation, container, subsistence, and maintenance expenses amount to $18.9 billion; Turkey’s human capital loss was estimated at $17.6 billion.

When all these figures are calculated, the total cost of the earthquake for Turkey has risen to $126.3 billion.

GROWTH WILL BE SLOW, REVENUE GROWTH LIMITED

In the report prepared under the coordination of CHP vice-president and party spokesman Faik Öztrak, in addition to the current damage caused by the earthquake, the damage to the economy in the coming period was also calculated. Consequently, the earthquake destroyed one fifth (18.7 percent) of the “capital stock”, which refers to structures such as factories and production facilities in the region. This loss corresponds to 2.6 per cent of the total share capital of Turkey.

According to the report, Turkey’s growth will be affected by 1.4 points in 2023 due to the earthquake, while the growth loss will be 1 point due to increased construction activities in the second half of the year.

It was also claimed that the earthquake would cause long-term losses in household income. According to the simulation, an individual born in 2022 will lose 2.5 percent of their income at age 10, 5 percent at age 20, 12 percent at age 50, and approximately 18.5 percent at age 80. .

KILIÇDAROĞLU: A MENTAL CHANGE IS NEEDED

In his preface to the report, CHP President Kemal Kılıçdaroğlu said: “Our Turkey is, of course, a great country. It has the power to compensate for financial losses experienced. However, a great change of mentality is needed in order not to experience similar pain in these lands again. In that direction, we have to start a new era based on democracy, science, rules, merit, common sense and cooperation in our country.

In the report, it was stated that the current legislation in Turkey is essentially sufficient in many respects, with the main problem arising from the lack of implementation of the legislation. It was affirmed that the follow-up of the legislation with the urban amnesties issued one after another was an important reason for the losses experienced, and it was stated that “Therefore, the duty to compensate the material damages of our citizens who lost their homes and places of work in the earthquake corresponds to the state that tolerates this process”.

SUGGESTIONS

In the CHP report, what must be done immediately to provide relief to citizens in the earthquake area was presented as a 13-item set of recommendations. There were many articles such as the cancellation of the bank debts of those affected by the earthquake, free housing for the beneficiaries, and special support for the business world, merchants, and farmers.

In addition, the things to do in the region in the medium and long term are listed in 16 points, to benefit our citizens who live in the region of the earthquake in the recovery of cities, mobilize the victims of the earthquake with on- models of training for work, providing housing solutions to citizens and workplaces, investing in the region for industries that produce construction inputs, measures that are included in this section.