Either debt or hike!

Either debt or hike!
Date: 6.10.2017 17:30

Economy Deputy Prime Minister Mehmet Simsek responded to questions about the agenda on a television program he participated in. Deputy Prime Minister Responsible for the Economy Mehmet Şimşek said that 10 percent of the collected taxes went to debt rates and said they would like to meet the savings opening with idle resources like "under pillow" instead of borrowing.

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Deputy Prime Minister Responsible for the Economy, Mehmet Şimşek, confirmed NTV live broadcasting in distressed economy. He said that MTV hikes are an indispensable source, and that no government will increase taxes while "standing still". "There is a source to transfer to the Ministry of National Defense in order to take new weapons systems and eliminate the threats that our country faces," Simsek said. "We preferred tax increases instead of debt in order to meet this demand."
 

10% OF TAX GOES TO INTERESTS

 
Deputy Prime Minister Responsible for the Economy Mehmet Şimşek said that 10 percent of the collected taxes went to debt rates and said they would like to meet the savings opening with idle resources like "under pillow" instead of borrowing.
 
Emphasizing that the regulation on Motor Vehicles Tax (MTV) is an indispensable source, Simsek said, "What will be announced in a short time. No government will increase these taxes while standing still. "We have resources to transfer to the Defense Industry Support Fund to get new weapons systems, to combat terrorism, to eliminate the threats our country faces and to increase its deterrence strength," he said.
 

TWO OPENS ARE THREATS TO TURKEY

 
Şimşek emphasized that borrowing is meant to deny high interest and services to be made, and thus said that they have taken the decision to cover the additional expenditures with tax incomes. Striking that macroeconomic stability would be risen when the debts increase, Simsek said that the twin deficit would threaten Turkey's future. Şimşek pointed out that the taxpayers are always clear and transparent about where they spend their money: "All the taxes we collect in Turkey are 100 liras, 23 liras in education, 21 liras in health, 20 liras in social security and social spending We invest about 10 liras in investments, about 10 liras in interests."
 

"SAVING OPPORTUNITY, EXTERNALLY DEPENDABLE"

 
Referring to the fact that Turkey is a savings-opener and that it makes Turkey dependent on foreign countries, Şimşek stated that the demand for approximately 15 million Turkish liras on the first day within the scope of "export of gold certificates and gold-based rental certificates".
 
Simsek, covering 4 provinces, 81 provinces and about 250 districts expressed the first day of the implementation of the serious interest expressed, "There are very serious idle savings in our country. Our banks are idle because they are not in capital markets. On the one hand, Turkey's resource needs are great. Turkey is going out and borrowing from the outside. If banks have deposits of 100 pounds, they have to give a loan of 125 pounds because deposits are inadequate. This makes the banking system dependent on the outside, the whole system is exposed to exchange rate risk. "
 

"PILLOW BOTTOMS" TO ZIRAAT BANK

 
Citizen, "under the pillow" under the guarantee of the Treasury Ziraat Bankası'ya pointing to be able to surrender Lightning, said: "Ziraat Bank's experts will look, how many settings, what is the value? If you do not want interest on your delivery, you will receive a rental certificate based on the bottom, such as a profit-loss account. If you are not sensitive about interest, we will give you a bond based on gold. The real yield of this bond is 2.4 percent. This return will automatically settle your account. If you need your gold, you can take back your gold from your gold-based bond account. Our savings pool will grow, external dependency will decrease. "
 

LAST ASSESSMENT ON SUBCONTRACTORS ...

 
Stating that the regulation for subcontractor workers will be completed this year, Simsek emphasized that the instructions of Prime Minister Binali Yıldırım in this direction are very clear. Ministry of Finance and Labor and Social Security working on the issue of Lightning, said:
 
"The Ministry of Finance completed its work and presented it to the Economic Coordination Board. We made the necessary evaluations there. The Ministry of Labor and Social Security is also ready to work. We did not have time because of OVP. It will be reevaluated soon and a final assessment will be made in the Council of Ministers. Our sisters who serve the public through service procurement are comfortable. We have already solved many problems such as contract duration, family aid and seniority, now the status issue will be discussed. I believe that a decision will be made after the two presentations."

YEREL HABERLER

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