Take from the poor and give to the rich

While many countries experiencing economic bottlenecks ease the burden on the people, Turkey, on the contrary, is putting the burden of the crisis on the citizens. Raises that are given with a spoon are returned with a spoon. In addition to the increase for civil servants, dozens of new taxes and fees came out of the stock market bill submitted to Parliament the day before. In May, the budget deficit reached TL 263.59 billion. The government, which needs additional revenue, has implemented policies that will cause further increases with the end of the elections. An additional motor vehicle tax was issued to 26 million vehicle owners. Taxes on cigarettes and alcohol were increased. In addition, a strong increase in the Special Consumption Tax (SCT) on fuels is expected in the coming weeks.

403 BILLION LIRA FOR INTEREST

Taxes collected by the state from citizens are passed on to the wealthy through Protected Deposits of Currency (KKM). The cost of KKM, which is believed to have generated a load of at least TL 200 billion for the public from March to June 2022, is growing. The total size of KKM reached 2 trillion 576 billion lire. When KKMs are included, total government interest payments are expected to exceed 403 billion lira this year. Highway, tunnel built with the Build-Operate-Transfer (BOT) model
And the resource transferred to the bridges is also growing since the transit guarantees are not met. The money given to these projects from the budget of the General Directorate of Highways reached 36 billion TL this year. It is established that the payment to be made to the contractors will increase at least 2-3 times with each increase in the exchange rate.