Our main problem now is inflation.

SHAFAQNA Türkiye – In addition to Minister of Finance and Treasury Nureddin Nebati, Deputy Governor of Denizli Mehmet Okur, Denizli MPs from the AKP Shahin Tin, Cahit Ozkan, Nilgun Ok and Ahmet Yildiz, Denizli Metropolitan Mayor Osman Zolan, President of Denizli Province from the AKP Yusel Gungor, MHP of Denizli Province The event was attended by President Mehmet Ali Yilmaz, leaders of non-governmental organizations and businessmen. Speaking at the meeting, Minister Nabati said that they took the month of Ramadan with bitter feelings because of the earthquakes and those who died in the floods. Minister Nebati noted that the wounds inflicted by all these disasters will be healed together as quickly as possible, and the financial losses will be compensated by much better ones, and that from the first day of the earthquake and flood, the entire cabinet has been working in the field and in unity with the people.

“IN ONE YEAR WE WILL COMPLETE THE CONSTRUCTION OF 319 THOUSAND HOUSES AND HOUSES”

Stating that about 40 billion lira in cash has been transferred to AFAD so far, Minister Nebati said: “We are providing cash assistance to our citizens affected by the earthquake and the relatives of our brothers and sisters who died. We have provided emergency assistance in the amount of 10,000 liras per household. In addition, we have produced a Disaster Victims Resettlement Allowance in the amount of 15,000 liras per household. Under TCIP, we have already completed most of the applications and paid a total of 14.4 billion lira in damages. I hope we will complete all compensation payments by the end of this month. We are working day and night to ensure the reconstruction and restoration of the disaster area. During the year we will complete the construction of 319,000 residential and rural houses. In total, we will build 650,000 residential buildings. In other words, we are starting a process that will build a medium-sized country from scratch. The number of residential houses, workplaces, village houses and hospitals started in our country has exceeded 56,000.

“We have included the provinces affected by the earthquake in the number of force majeure”

Stating that they were quick to take other additional measures to support citizens and the real sector in the aftermath of the earthquake, Minister Nebati said: “We have placed the provinces affected by the earthquake in the scope of force majeure. We have deferred tax liabilities in the region and introduced 24-month installments on debts to the tax authorities. We have increased the volume of Credit Guarantee Fund (CLF) packages to support our merchants. We have increased the KGF limit of 250 billion Lira to 400 billion Lira. We have deferred payments on the loans of our merchants and artisans in the region. We have provided our earthquake-affected SMEs with interest-free loans of up to 1.5 million liras to meet their financing needs. We have postponed loans to our farmers, one of the sectors most affected by the earthquake, for 1 year without interest. We provided feed support of 500 lira for cattle and 50 lira for sheep and goats. We have started providing support with diesel fuel and fertilizers in cash,” he said.

“WE CREATED A MODEL OF THE TURKISH ECONOMY”

Noting that the world economy has continued to experience shocks of incomparable magnitude and frequency over the past few years, Nebaty continued as follows:

“Conventional methods are no longer sufficient when dealing with many crises and natural disasters at the same time, from epidemics to wars, from floods to droughts, from energy to food. In fact, it is clear that the tight monetary policy pursued by advanced economies in the fight against inflation has dragged the world into recession and financial crises, fueling unemployment. In this complex process, we have implemented a model of the Turkish economy that is focused on inclusive growth and, most importantly, people, focusing on the needs and goals of our country, and not on the direction indicated by the global order. Thanks to the model, international organizations continue to raise their growth forecasts for our country, while updating their forecasts for global economic growth downwards. The most recent example of this; Despite the fact that we survived the earthquakes that are called the disaster of the century, two days ago the World Bank updated its growth expectations for our country upwards. The strong macro performance of our economy, despite all the global adversity since we launched our model, proves how wrong those who know nothing but the pessimistic forecasts in our country.”

“WE ACHIEVE THE BEST PERFORMANCE IN THE HISTORY OF OUR REPUBLIC ON MACROECONOMIC INDICATORS”

Stating that Turkey is one of the fastest growing countries among the G-20 countries with its growth of 5.6% in 2022, Nebati said: “The growth of investment in machinery and equipment has continued continuously for 13 quarters. Healthy and strong economic growth paves the way for us to experience new employment peaks. In January of this year, we reached a historically high level of employment – 31.8 million people. Our exports have also reached a record level in the history of the Republic. With exports to 228 countries and regions, today we have surpassed the annual export rate of $255 billion as of March 2023. Another area where we have broken records is the tourism sector. In 2022, we were ranked 4th in the world by tourist destinations with 51.4 million visitors and a record tourism revenue of $46.3 billion. During this period, despite the improvement in the income of our employees, especially in relation to the minimum wage, and the tax cuts that we applied on many fronts, we never made concessions on our financial discipline. Fortunately, we have the ability to bear the burden of EYT, wage hikes and an earthquake in public finances. Actually the table is clear. Even in such a difficult year as 2022, we reached the best indicators in the history of our republic in almost all macroeconomic indicators. Anyone should open and study macro data such as growth, employment, production, exports and tourism income.

He criticized the opposition.

Claiming that they have succeeded, working day and night, in turning global turmoil into an opportunity by introducing the model of the Turkish economy, Minister Nebati said: “Now, of course, those who are trying to get prescriptions from consultants across the Atlantic, unfortunately, cannot understand our national economic struggle. They want the Turkish economy to always return with transport water, and things to be solved by imported formulas. Today, the 7-table table continues to play with 7 different strings in the field of economics. One talks about tight monetary policy, the other distributes money to the market from a bucket in his imagination, accompanied by pink flowers. What is your economic policy? Is it just inconsistent, groundless and rosy dreams? It’s like 7 people are sitting on a rope and they are all trying to play the rope. I have already asked this 7-fold table several times, but have not yet received an answer. Of course, it is doubtful which of them will give the answer. Now I’ll ask here again. Give me a clear answer to these two questions without making a fuss; first, “Will you wait at the gates of the IMF again to find hot money?” Second: “Will you crush the manufacturing economy and increase unemployment by raising interest rates?” Forget about your empty, but very beautiful promises. Give clear and precise answers,” he said.

Minister Nebati said, “Those who cannot understand and digest the spiritual feelings of our people, unfortunately, are almost never behind our common national affairs,” said Minister Nebati.

“Under the leadership of our president, we have increased the share of the domestic defense industry from 20 to 80 percent. We have created resources to fund this process and many other gigantic projects. They can even look askance at our defense industry, which the whole world is watching with envy today. This, of course, is never an acceptable approach. As planned, we launched our Toog electric vehicle, which is the cornerstone of Turkey’s green transformation, on the roads. We are fortunate to be able to realize our nation’s 60-year dream.”

“OUR MOST BASIC PROBLEM IS INFLATION”

Stating that their main concern at the moment is inflation, Minister Nebati said: “We have entered a downward trend in inflation since November 2022 and as of March 2023, it has fallen to an annual rate of 50.5 percent. Whatever work, job or service the current opposition says we can’t do, thank God we managed to do them one after the other. We will do a lot more. Now we are rapidly taking steps to reduce our dependence on foreign energy. As our President stated, I hope that on April 20 we will activate the natural gas that we have discovered in the Black Sea. The distance that our country and all our cities, including Denizli, have traveled over the past 21 years is almost a century. Every day of this 21 years, without exception, is filled with our countless deeds and services that we carried to our people one by one in all corners of our country. Today, on the eve of the 100th anniversary of our Republic, Turkey has reached a new milestone. On the one hand, our country will either surrender to the unstable currents of coalition governments, as it was in the 90s, or, under the strong leadership of our president, we will step into the age of Turkey. In the Turkish century, we will continue to work tirelessly to make our country one of the ten largest economies in the world in all areas. Our model of the Turkish economy, in fact, is a reliable guarantee of this great vision. During this period of Turkey’s rise, we will continue to produce products for our country together and will do our best together.” Later, the meeting was held behind closed doors for the press.

VISITED IFTAR

Minister of Finance and Treasury Nureddin Nebati visited the Mayor of the Denizli Municipality Osman Zolan after the meeting of the business world within the framework of the Denizli program. Minister Nebati then took part in a quick lunch organized by MUSIAD at the Göveçlik Cultural Center. Speaking here, Minister Nebati stated that a very important election was held in Turkey on May 14 and said: “I hope that on May 14, the AKP, again under the leadership of our president, will add another 5 years to this great success that it has shown. for 21 years. Turkey is going through a process where important research proving that it is a country of the 21st century is starting to bear fruit. Whatever you say, neither 6s nor 7s. Each of them can come up with their own discourse and model that comes to mind and enter into a competition that will practically negate each other and can benefit this country. While we are making such a big effort with the earthquake and war model of the Turkish economy on the one hand, we have entered the process when this model is established on the other hand, and we will see how strong and important the manufacturing economy is. 21 century.

“WE ARE ASKING CLEARLY: WILL YOU CONSIDER INCREASING INTEREST?”

Minister Nebati stated that after the U.S. interest rate hike, the banks started fussing and said, “Now, table from six to seven, ‘Will you raise your interest rate?’ He’s trying to answer his own question just incoherently. We ask clearly. Are you going to raise interest rates or not? And we ask clearly. Are you going to the gates of the IMF or not? Answer this first. These people want to know. Or do you share the idea that by doing interest calculations behind secret doors, it will actually cause factory closures on the one hand, damage to the financial system on the other, and unemployment through higher interest rates? We have done what we have declared in 21 years under the leadership of our President. Is this election an atmosphere of revenge for those who failed on July 15, or is it the day that will lead to the complete disappearance of terrorist structures and those who tried to divide our country on July 15? May 14, then, is the day when, on the one hand, economic successes are achieved, and on the other, the tools of the defense industry that will compete with the world. Today we saw that on May 14 the business world of Denizli made it clear that he wants to continue what has been done for 21 years. It also makes investment planning appropriate. Citizens on the street are also reacting to those who come out with imaginary numbers and imaginary expressions and hunt for votes,” he said. Minister Nebati then left Denizli.