Şimşek and Erdoğan tension escalated: ‘The ropes have reached the breaking point’ – Last Minute Economy News

It was claimed that the relations between Minister of Treasury and Finance Mehmet Şimşek and President Erdoğan came to a breaking point at the cabinet meeting before the March 31 elections, but Erdoğan took a step back due to the influence of foreign capital.

Fuat Uğur, known for his closeness to the government, said that AKP President Recep Tayyip Erdoğan predicted that the election results would come this way and that is why he forced the Minister of Treasury and Finance Mehmet Şimşek regarding pensions; He claimed that Minister Şimşek resisted this demand even though it brought relations to the breaking point.

“LOTS OF SUPPORT WILL BE HISTORY”

In addition, according to sources from the Ministry of Treasury and Finance, it was stated that municipalities will no longer be given large amounts of support as in the past, and that “abundant support” for events such as festivals, various infrastructure projects and development projects will be a thing of the past.

The relevant parts of Fuat Uğur’s article are as follows:

“Erdoğan pushed the Minister of Treasury and Finance, Mehmet Şimşek, at the last critical turning point, saying, “Do something, let’s solve this problem.” But Minister Şimşek resisted. So much so that the tension in the cabinet did not sever the relationship between Mehmet Şimşek and President Tayyip Erdoğan, 15 days before the election. and took it to a very dangerous point.

Mehmet Şimşek put his ministry on the table. He reminded them that they had talked before and agreed. As if the global system “felt” the tension, they sent direct or indirect messages to President Erdoğan, stating that they preferred to work with Mehmet Şimşek, and that this contributed greatly to Turkey’s reliability and being an investable country. Erdoğan eventually chose to invest in the future of the country’s economy and the welfare of the people in the medium term, taking into account the possible election outcome. Because this was the choice that would be permanent.

MEHMET ŞİMŞEK’S PRIORITIES

The Minister’s primary aim will be to tighten the economy, save money, cut spending and curb consumption in order to restrain inflation. It will pave the way for this both through legal-financial regulations and by intervening in the market.

Yes to growth, but the real goal is to suppress and reduce foreign exchange and inflation in order to increase the purchasing power of the people.

I received interesting intelligence from the deep corridors of the Ministry of Treasury and Finance.

Big surprises await us.

The door to a very different era has opened and get ready to enter it together. Now President Tayyip Erdoğan has peace of mind. Unless, of course, an outside hand tampers with the current situation.

WHAT WILL BE DONE?

Once obese, the system will go on a serious diet.

The priority here is to fill the CASE.

1-Registered money will be tackled and measures will be taken to minimize tax evasion.

2-The savings period in the state will be triggered strongly, not by cursory measures.

3-Massive investments will be stopped. In other words, costly investments such as land and sea tunnels, long and divided highways, airports, suspension bridges, and large hydroelectric power plants will not be undertaken.

4-Priority will be given to investments in the production-based real sector, green energy, environment and agriculture. The main investment areas in the World Bank’s increase of Turkey’s 17 billion dollar investment loan by 18 billion dollars to 35 billion dollars also include these sectors.

5-The general opinion of Mehmet Şimşek and the ministry staff is that agriculture and animal husbandry are treated with disdain. Special importance will be given to agriculture and animal husbandry. Support for entrepreneurs and farmers operating in this sector will be encouraging, but at the same time, it will be strictly monitored whether the support is reflected in production.

6-Municipalities will now be roasted by their own oil. There is no abundant support for municipalities as in the past. Municipalities’ coffers are already filled with real estate and similar taxes. They will need to use their money profitably. For example, lavish support for events such as festivals, various infrastructure projects and construction projects will now be a thing of the past.”