State support for debts under execution

With the regulation to be submitted to the Turkish Grand National Assembly, the debts of nearly 6 million citizens, amounting to approximately 30 billion liras, will be liquidated. The state will also assume debts arising from contracts for basic needs such as electricity, water, natural gas, and telephone. With the support package for low-income individuals evaluated by the Presidential Cabinet, the debts of nearly 6 million citizens, amounting to approximately 30 billion liras, which are subject to enforcement proceedings, will be liquidated. According to the regulation to be made, debts up to 2 thousand liras will be deducted from enforcement proceedings. Companies to which families owe debts will show their receivables submitted to enforcement as expenses in their accounting records and deduct them from taxes. Thus, the debts of citizens within this scope will be covered by public finance. The second leg of the package will consist of debts under enforcement proceedings, which are being followed up by asset management companies. The state will assume the debts of nearly one million citizens, amounting to up to 2 thousand 500 liras, which are subject to enforcement proceedings and have been transferred to asset management companies. The state will assume debts such as electricity, water, natural gas, telephone The state is expected to assume debts arising from contracts for basic needs such as electricity, water, natural gas, telephone. Minister of Treasury and Finance Nureddin Nebati, in his statement on his Twitter account regarding the 2 new studies, stated, “Just as we are always by the side of our youth, farmers, civil servants, tradesmen and all segments of society, we continue to be by the side of our low-income citizens with our actions, and we will soon liquidate the debts of approximately 30 billion liras.”