Minister Nebati: We put this year's burden of EYT into the coffers

Treasury and Finance Minister Nureddin Nebati said that the cost related to those who are stuck in retirement age (EYT) is calculated as 255 billion TL for 2023, and that the burden of this year's EYT was deposited into the coffers on December 31. Treasury and Finance Minister Nureddin Nebati said that January inflation will continue to have some effect due to the increase in minimum wages, but will continue its downward trend afterwards. Nebati, who met with a group of journalists on Wednesday, said, “January will be difficult due to the increase in minimum wage, but after that, our expectations will be in line with the OVP targets. We will walk much more comfortably after getting through this month.” According to Bloomberg, Nebati also said, “There is no reason to increase food prices. Fertilizer and fuel prices are below last year. There is no increase anywhere except personnel expenses. We foresee that the increase in food prices can be controlled,” he said. EYT’s cost for 2023 is 255 billion Nebati also answered questions about the cost to the budget of the 30 percent raise made to those stuck at retirement age (EYT) and civil servants and retirees. Stating that they “took very strict measures” for the 2023 budget for EYT, Nebati said, “When they told me that you would make this payment as the Minister of Treasury and Finance of the Republic of Turkey, I had to be ready. On December 31, we put this year’s burden of EYT into the coffers.” Nebati said that the cost of EYT for 2023 was calculated as 255 billion liras, that this money was “still in the coffers,” and that KGF guarantees were not included in this figure. Nebati also touched on the 30 percent increase in retirees’ and civil servants’ salaries and said, “The cost of a 1 point improvement is 19 billion liras, a cost of close to 15 points has been added, 270 billion liras.” “Our indicators are not open to operation” When asked whether they saw the risk of any economic operation that would affect the elections in Turkey, Minister Nebati said, “Turkey’s macroeconomic indicators are not open to any operation, there would be no response to the operations carried out. We went into debt in January and borrowed 2 billion 750 million dollars. We are continuing our borrowing. Our Central Bank reserves are very strong. We have no problems with our macroeconomic indicators. There is no area where they could conduct monetary operations.” When asked about CHP Chairman Kemal Kılıçdaroğlu’s claims regarding Turkey’s net errors and omissions item, Nebati said, “He used sentences that made it seem as if this country was laundering money or drug money. "These statements made by the leader of the opposition party of the Republic of Turkey are very serious accusations. He made an accusation as if there was only one clear fault or deficiency in Turkey, I am truly sorry," he said.