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Last Updated: November 25, 2020 13:05
Turkey is experiencing an unprecedented economic decline, which resulted in an unprecedented rise in unemployment rates and doubled the number of unemployed, which is why the Turkish president came to present a proposal to increase his salary, equivalent to 3 times the salary minimum.
The Turkish daily “Zaman” stated that the budget proposal included raising the president’s salary to 88 thousand pounds, in addition to increasing the budget for the presidential administration by about 886 million pounds, bringing the total to 4 thousand .39 million and 453 thousand pounds.
The deputy head of the opposition Republican People’s Party (CHP) bloc in parliament, Ozgur Özil, commented on the new budget bill through posts on his Twitter account, saying that Erdogan would receive an increase in his monthly salary from 8, 3 percent.
Ozil said: “According to the draft budget submitted to Parliament, Erdogan’s salary increases by about 5.3 percent, to become 88 thousand Turkish liras. The increase amounted to 6,750 Turkish liras, equivalent to 3 times the minimum wage. The presidential budget has also been increased by 28.1 percent and, in return, they demand patience from citizens.
This week, Parliament’s Planning and Budget Committee is discussing the general budget of the Turkish central government for 2021, and next year’s budget items are scheduled to be discussed for a period of two months within the Plan and Budget Committee, provided that the budgets of the ministries are examined and audited one by one.
This comes in light of the Turkish lira falling by as much as 2 percent to more than 8 lira against the US dollar on Tuesday, to continue its losses this week as investors exploited a sharp rise recently to form coin and gold centers.
The pound fell to 8.05 against the greenback, compared to the closing level of 7.8880. It cut its losses to 8 lira against the US dollar at 09:35 GMT.
The Turkish lira had hit a record low of around 8.58 this month, before rebounding. The lira is currently 26 percent below its level at the end of 2019.