Last minute: EYT statement from the Minister of Treasury and Finance Nureddin Nebati

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Minister of Treasury and Finance Nureddin Nabatimade statements regarding the economy agenda on the channel 7 live broadcast.

Headlines from Minister Nabati’s speech are as follows:

Now, under the name of freedom, this is a complete symbol of a movement whose hostility to Islam is clearly revealed. In fact, such a vile, dishonest and under the name of Contemporary Barbarism. The Quran is our holy book and this book was sent down to humanity by Allah and it appeals to all humanity. This book is not just the book of Muslims. This is the book of the world. Such a burning incident is an operation against not only the citizens of the Republic of Turkey, but also the entire Islamic world and humanity, especially in front of the Turkish ambassador. What they are doing is barbaric.

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Finance ministers showed the same sensitivity on the same issue, let me say that as a guarantee that we will continue to show it in the future. When we set the three-and-a-half goal, we made a cautious budget despite the negative conditions in the world, the suspension of suspensions in the country and the taxes. While this budget was being made, we made it at a time when 5-6-7% of budget deficits were spoken and the results were due to the epidemic and then the war in the world, especially in Europe.

After the measures we took, on the one hand, our expenditure-reducing measures, despite all kinds of subsidies and supports, increased the performance of the budget, and the budget deficit was not 3.5%, but 1% or even less than 1% in the MTP. an extraordinarily successful 0.9 under.

“WE TAKE EYT’S MEASURES”

You are going to the elections, you are making all these expenses while going to the elections. What will happen after the election? they ask… A budget falling from 13.4% to 1% means that the coffers of a budget have been very strongly transferred to many practical ways 1 secondly, eyt is very open to the future, so we sat down with friends and anyway if it comes, because the will was not clear yet, but we said we should take a precaution We had to take a precaution regarding EYT

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There will be another income for the second 6 months arising from the collective agreement regarding civil servants and retirees. In addition, if inflation occurs differently, that difference will also occur. We created a budget with these in mind.

“BUDGET PERFORMANCE WILL GO BETTER THAN EXPECTED”

The risk of recession disappears. Commodity prices have become more moderate. Especially, the fact that energy prices have come down has been a great advantage for us. Budget performance will be better than expected.

COST OF EYT

EYT It is a burden on the budget now, but meeting this burden must be well calculated and the infrastructure must be created accordingly. This gap is very important. We created the source in advance. So we created the source last year and entered the New Year.

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Under the leadership of our President, such important infrastructure services have been made that investments have been made very quickly in every field you can think of, from infrastructure-related transportation to education, from education to industry, from agriculture to the defense industry.

At the end of this program, we will go… to the opening of the Kağıthane-Istanbul airport metro. We act with the indicators of a period in which investments do not stop and all kinds of needs are met. Now, the contribution of these indicators to us gains an incredible momentum when they also contribute to the geopolitical and geographical environment in which the Republic of Turkey is located.

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I’m trying to say: Look, Turkey, we are in Istanbul right now… When you get a center in Istanbul, you can reach a mass of 1.3 billion people and they have a trade volume of 26-27 trillion dollars. The epidemic revealed the reality of meeting the needs of the nearby countries. The war reinforced this reality. Turkey has turned into a full production center and it is using the advantages of its location while transforming into a production center. What does that mean? Now, as the Republic of Turkey, we are the representatives of a civilization inherited from the Ottoman Empire in the form of a republic. Now, Turkey has very special relations with Africa. When our President is gone, he is greeted with songs, folk songs, dances and dances by the whole society and high-level representatives, but one of the countries is sinking, for example, when Macron leaves, he tries to be sent back to his place. such a special attention is shown and the 20-year leadership of our President has turned into a leadership accepted by the whole world, and his leadership is accepted by the Republic of Turkey.

DOLLAR DRY DESCRIPTION

In 2021, it experienced a currency attack in the last 3 months. When you say exchange rate in Turkey, it is dollars. From the citizen on the street to the villager, from the housewife to the businessman, from the politician to the politician, the dollar is where everyone looks. Therefore, any up and down movement in the dollar rate is carefully followed by every member of the society. And this follow-up is at such a sensitive point that while these fluctuations that occur in the conjuncture of the world are considered normal, it is questioned that such a play is taking place for Turkey.

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A habit has formed, and I understand it from your questions, what are you doing to keep it? Now, the Turkish Lira has lost value against the dollar since 2017, so it should be looked at in terms of real value. When you make a comparison between the Turkish lira and the dollar in Turkey, the Turkish lira reached its most valuable point in 2013, that is, it reached a power that exceeded 110% on the CPI index. What does this mean in Turkish? The more valuable the Turkish lira is, the more you will import abroad. You don’t need to produce in Turkey, because your money is very valuable and you sell it. The industry slows down, stops it, and over time it creates a result such as unemployment. If you make the Turkish lira very worthless, the opposite will happen. But it has to be an optimal point. At the end of 2021, the value of the Turkish lira has dropped to 47% on the basis of CPI, that is, it has become very worthless. This optimal point is the exchange rate level where all these external and internal factors come together…

INFLATION WAS THE WORLD’S WORLD

Inflation had become the scourge of the whole world. Our rise has gone far beyond what was expected. The reason for this was the currency attacks. Exchange rate is one of the most important factors determining inflation in Turkey. The increase in commodity prices also affected this.

Inflation started to come down gradually. Inflation will continue to fall. With all the increases, there was a perception that there would be an increase in inflation in the market, but natural gas prices were lowered, diesel gasoline fell… We see that inflation will be at a very low level. A campaign was launched, primarily retailers.

Nobody gives up on their wife. When the state’s duty goes to the exorbitant point, it intervenes.