We have no choice but to use the capabilities we have in the most productive and efficient way. The saving of resources in the public sector cannot be seen only as a measure to reduce expenses”, said the president of Turkey
Measures to limit public spending were announced by Tayyip Erdogan with the opposition accusing him of paving the way for austerity, citizens resenting the accuracy and analysts estimating that a painful economic crisis is just around the corner.
“We are a country a nation that survives by production, working hard and toiling. This is how we stand. We have no choice but to use the capabilities we have in the most productive and efficient way. The saving of resources in the public sector cannot be seen only as a measure to reduce expenses”, said the president of Turkey.
With this phrase, the Turkish president ignited the opposition rhetoric about….incubating austerity measures. All this in the midst of galloping precision with Erdoğan’s television critics raving about the cost of the Sarmads.
“The youth will be a generation that will grow up without eating as many dolmades as they want. The AKP succeeded in this too. Erdogan once said “You young people don’t remember how things used to be”. Now with your achievements young people will forget the sarmads, the dolmads. Keep it up!”, underlined a presenter on Sozcu TV.
In April food inflation soared to 68.5% and a sharmas has reached 10 pounds
People in folk restaurants don’t order regular portions. They order half a portion and 1/4.
Customers received 3 or 4 dishes. Now they take half a portion or a soup and leave.
Turkey’s central bank estimates that inflation will peak at 75% in May before falling to 36% at the end of the year. The markets do not share her optimism with the country’s Central Banker stating that he will not hesitate to further increase interest rates which are at 50%.
“We are not here to be liked. We are here to do our job. We know the risks and we are ready to do whatever it takes,” says Bank of Turkey Governor Fatih Katarakhan.
To curb inflation, the government announced a 15% cut in spending on public works For many, insufficient action
“If additional and tough measures are not taken in the next 6 months, Turkey will face a new crisis. Either a crisis of confidence leading to triple-digit inflation or a currency crisis and the Lira will once again become the weakest currency,” reports GlobalSource Partners.
10% is a reduction in public consumption expenditure while the construction of new buildings and the purchase of vehicles are stopped for 3 years
Source :Skai
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