The economic crisis, which became concrete with the devaluation of TL after inflation rates approaching one hundred percent, increased foreign exchange and gold prices, caused a decrease in the purchasing power of the citizens.
On the other hand, the crisis deepening with the election economy implemented by the AK Party shows that a difficult picture awaits the post-election government.
The cost of the economic crisis in recent years is increasing day by day. The economy, which has been aggravated by the currency-protected time deposits, interest, build-operate-transfer model, will be the biggest problem of the new government on the morning of May 15th.
AK PARTY WILL CONTINUE TO APPLY THE SAME ECONOMY POLICIES
Promising that the Presidential Government System will solve all problems, President Erdoğan has created a heavy economic picture at the end of 5 years when the system was officially implemented.
The purchasing power of the citizens continued to decline due to the 'controversial' inflation figure of 50 percent and the unemployment rate of 10 percent, as well as the rising cost of living, announced by the Turkish Statistical Institute (TUIK).
The experts, who stated that the AK Party, acting with the thesis of 'interest cause inflation result', made interest a part of the system with the Currency Protected TL Time Deposit formula, claimed that it used 128 billion dollars in the Central Bank to suppress the exchange rate.
For this reason, experts who stated that there was a deficit in the foreign exchange source also drew attention to the fact that the treasury was borrowing at high interest rates. Despite all the indicators in the economy, the AK Party will continue to implement similar economic policies after the election.
Speaking on this issue, Treasury and Finance Minister Nurettin Nebati said, "The economic policies will not change on May 15, and this will be included in the election manifesto."
In this context, while it is understood that the KKM model, high interest payments, build-operate-transfer transactions will continue, it is commented that the inflation that has fallen due to the base effect will increase and the exchange rates will increase rapidly, and the purchasing power will decrease further.
IF NATIONAL ALLIANCE WINS, PARTIAL COMFORT MAY OCCUR
The deficit in the treasury continues to increase as the government implements the election economy shortly before the elections.
The Nation Alliance, which will face huge problems such as investments made with KKM, Build-Operate-Transfer, and inflation, will try to pay the gross foreign debt bill, which has reached an all-time high of 459 billion.
The Nation Alliance, which made promises to the voters that the KKM model would be abolished, the principal paid for interest would decrease, and the build-operate-transfer formula would be regulated.
It is stated that even if he comes to power, indicators such as inflation and unemployment will not improve immediately, and when the 104 billion dollar cost of the earthquake is added, there will be a partial shrinkage in the economy.
On the other hand, according to the AK Party government, it is stated that the crisis in the economy can be resolved in a healthier way with the promises made in the economy.