They act like the new power that took over the rubble
akp While the government is paying the citizens for the economic crisis it created, it acts as if it has to pay the high price for the economic crisis created by other governments. Treasury and Finance Minister Mehmet Şimşek, on the other hand, makes citizens pay a price they did not find in the 2001 crisis, and shows himself to be the miracle minister who will remove the rubble from the economy.
mehmet simsek
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AKP won the elections on May 28 and received 5 more years of authority from the nation. Despite propagandizing anti-interest at every opportunity, he sold Turkey’s most valuable institutions under the name of privatization during his 21-year rule, the last 5 years of which was the presidential system, which caused inflation to rise to the top as a result of the wrong monetary policy it implemented, and which was against interest, only 564 billion lira in 2023. AKP, which created the Treasury interest payment of 519 thousand million liras in exchange for debt, is now inflicting a higher cost on citizens than the economic measures implemented by the International Monetary Fund (IMF) in the 2001 crisis. the increase in the Special Consumption Tax (SCT) and the Value Added Tax (VAT) in addition to the large increases in taxes and fees. The “bitter prescription”, which Treasury and Finance Minister Mehmet Şimşek describes as “financial discipline”, is getting heavier by the day. Since he took office on June 4, Şimşek has already taken billions of lira out of the pockets of citizens with taxes, fees and increases. Şimşek, who received a huge loan authority of 2.2 trillion lira until the end of the year just to finance this year’s budget expenditures, said that the additional tax of 119.9 billion lira Motor Vehicle Tax (MTV ) will be collected twice this year by increasing the Corporate Tax by 5 points will receive 30 billion TL out of pocket.
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ARE ENRICHED
The invoice issued to citizens with taxes and fees will not be limited to this. The government is expected to present itself to the people with new increases and taxes in the coming days. Turning the economic crisis into a means of enrichment, the government, which has paid roughly 200 billion lira to currency-protected depositors since March 2022, continues to transfer billions of dollars from state coffers to contractors, which enriched through guaranteed projects. in the same period.
Özel said: “They unfairly and illegally used all state assets and institutions to keep a party in power. Now they are trying to make the poor, the workers and the innocent people pay the financial bill for all these corruptions, incompetences and abuses with taxes, hikes”, he said.
Big crash of the Turkish lira
Since 2018, when Turkey switched to the presidential system, there has been a huge collapse in TL. Before the transition to the presidential system, in June 2018, the dollar was at the level of 4.64 TL, the euro 5.41, the gold quarter 312 TL, today the dollar has risen to 26.03 lira, the euro at 28.57 liras and the gold quarter at 2.608 liras. In these 5 years, TL depreciated 82 percent, on the other hand, the dollar rose 460.9 percent against TL. In October last year, the highest inflation in the history of Türkiye was registered with 85.51%. The link between real inflation and official inflation announced by TURKSTAT has been completely broken. Housing and car prices have quadrupled since 2018. As Turkey faced the most expensive food prices in its history, the bazaar became a place of fire. For the first time, the products began to be sold by grain.
Bank debt exceeds 9.5 trillion
The presidential system of government was introduced on July 9, 2018. While the Turkish-type presidency, which is said to blow up the country’s economy, is 5 years old, the Turkish economy has worsened day by day during this period. Pretending to run Turkey as a joint stock company, the AKP plunged the country into a crisis. The central government debt stock was TL 1 trillion 67 billion in 2018, and it was TL 4 trillion 588 billion according to the latest data. Although the stock of loans granted by banks to companies and citizens was 2 trillion 395 billion lira in 2018, it reached 9 trillion 564 billion lira as of June 2023. The number of people who have been prosecuted for personal loans or personal credit card debt has exceeded 4 million.