We are lions and tigers, we are doing well, it is difficult to deal with us, they need us, our potential is high, the future will be built on Turkey… Every step they take is a success story… Then why did the Turkish economy come to this? It’s hidden!
The real disaster of Turkey is its own calculated budget. You know, when the budget targeted for the holiday abroad is consumed, “incoming and outgoing expenditures” are made. After a certain period of time, multiplication of the currency unit of the rate with the Turkish Lira is stopped. As a matter of fact, previous expenditures have already exceeded the length.
Ours is the same account… On the one hand, income-increasing tax hikes, on the other hand, expenses that cannot be reduced…
In the developed countries of the world, the measures are to reduce public expenditures. In our case, it is the opposite… The budget of 4 trillion 700 billion in 2023 was not enough, it stepped in to finance the additional budget expenditures of 1 trillion 120 billion TL.
The most interesting part of the job is that the bag law is authorized to increase the borrowing limit of 661 billion liras in the presidential budget to 2 trillion 181 billion liras. More than Turkey’s additional budget… What to do with that money?
As a matter of fact, the legislators must have thought so, that they proportioned the borrowing limit as 729 billion liras at most. It hadn’t crossed their minds that three floors might be needed. What was the source of this money?
Worse still, one of the biggest expense items, Currency Protected Deposit Guarantees, was purchased from the Treasury and given to the Central Bank. The burden of June alone is about 150 billion liras… We actually know how to pay it… Let the printing press work on the button…
Wait, what else is hidden in the budget? I don’t even count the foreign currency calculations of build-operate-transfer projects… We haven’t paid for natural gas for months, and we’ve been printing it on the book… Thanks to Russia, before the election, the amount talked about is 20 billion dollars, but don’t worry about it…
When the 2023 deficit is likely to reach 2 trillion, increase taxes as much as you want, is it enough for this expenditure? So far, the inner side of the work…
Looking for a loan to save time!
We have an economy that is foreign-dependent and in need of their money. It doesn’t look nice when you write it like that, but this is the reality… As a matter of fact, Mehmet Şimşek’s tour abroad, who has been on duty for exactly 40 days, speaks to foreign investors, telling us the main story… He has been on the road since he took office.
It doesn’t take much to go to Europe. As a matter of fact, he knows that the funds will not come without a concrete development.
Arabian peninsula? Have you convinced the head that the money will go to Turkey? One side is corporate and the other is a family company.
With a deficit of 8 billion dollars in May, we reached 60 billion dollars annually. If you calculate, we will save some time… What about after? Unless there is a change, old stone old bath…
In the new period, the current account deficit that decreases despite the increasing inflation… It will not always increase… When there is no money left to import… Well, it will do damage even when falling…
As a matter of fact, the export figures are not very pleasant… We have a decrease of 1.1 billion dollars compared to the first five months of last year…
In order to ensure the external balance, which is indispensable for all economies in the world, foreign capital inflows are needed in the short term and in the long term. Can it be provided? You have to see what’s next.
Turkey called Mehmet Şimşek to overcome the current bottleneck, but it seems very difficult to get past the system and change the course… I’m not too optimistic anyway, but if it weren’t for a big disappointment for those who believe…
For the continuation of the article, THE COUNTOWN IS STARTED!