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Notes from the statements of President Erdogan;
* I would like to express our gratitude to all of our entrepreneurs. The Topkapi Palace, which had been neglected for many years, was taken out of warehouses and brought here preserving more than 5 thousand paintings and 533 of them. We open the painting museum. We will present it to all humanity by transferring it to our buildings. I hope that 2021 brings health and wellness. This year, we were unable to join DEİK due to the coronavirus. We were unable to hold the 10th Turkish Business Council. We will continue in the future, as we have done the studies so far.
* We need a new leap forward in business diplomacy. We saw the importance of the market and the diversity of products. Those who focus only on the domestic market were adversely affected, while those who place importance on innovation and argument slightly survived the epidemic and expanded the range of customers. We open new windows of opportunity in our business world. Turkish companies differ from their competitors by their reliability.
“We broke the all-time export record”
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* As the epidemic subsides with increased vaccination, the stones will settle and the momentum of our country will find its place. After the outbreak of the world to talk about his success in Turkey. Turkey has positive growth to fall below the line. The export has a great contribution. We closed it with $ 169.5 billion in exports, with a figure of more than $ 4 billion. We broke the all-time export record at the end of 2020. The ratio of exports to imports was very high at 85.6 percent. Our number of exporters exceeded 87,400.
* By keeping our promise, 17,514 entrepreneurs benefited from the green passport application. We have always been with our exporters. Our goal in support payments is to reach 4.1 billion lire. We support our exporters with virtual fairs and e-commerce activities. The easy export platform provides much more comprehensive and efficient services. We encourage new companies and investments. We contribute to the supply and distribution processes of our exporters.
“IF NECESSARY, WE WILL ACTIVATE NEW SUPPORT”
* The Free Trade Agreement that we signed with the United Kingdom in the last days of the year is the most important agreement after the Customs Union. Our work with the European Union continues. With the advantages in Turkey to support the social structure and economic measures that we have commissioned.
* The reforms that we have carried out in the last 18 years in areas that touch the lives of our citizens from education to health have separated our country. In order to reduce the burden on our producers and employees, we have implemented supports and, if necessary, we will activate new supports. We will continue to be with our citizens.
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* We see that the TL gained 12 percent in value against the dollar and 10 percent against the euro. Our stock of debt has decreased by 150 billion lira since November. This result alone corresponds to 3 percent of our national income forecast. Turkey CDS index with a maturity of 2 months and 5 years of 320 basis points. We will continue to reduce it with our strong policy framework. More than $ 15 billion in portfolio entries to our country from abroad in recent months.
“WE CANNOT GO BACK TO ANYWHERE WITH HIGH INTEREST”
* We will take the necessary measures for the environment where investor expectations will be met at a high level. We listen to the opinions and suggestions of our business world and non-governmental organizations. Soon we will share reforms in the field of economics and law and take a quick step forward. Ensuring price stability will be our most important step. We reduced inflation from 30 percent to single digits. We experienced the period in which we lowered the interest rate from 63 percent to 4.6 and inflation to 6.4. It is not in vain to say that I am against high interest rates. I know how interest overwhelms you. I know how the banks explode. Talk about the profits our banks have made. Tell me how many investors you have made. They don’t talk about how many investors and jobs there are. I need investment, employment, production and export. If these four have nothing. Let’s look at the world, what is the interest rate? Less in Japan, 1-2 in Europe, less in Israel. We pride ourselves on high interest rates. And we are proud to sink many of our companies. I am against them. My fight will continue. Who says what. I do not think so. We can’t get anywhere with much interest.
* The stability of the exchange rate has an important place in the fight against inflation. If you say we fight tomatoes, potatoes, roasted chickpeas, you won’t get anywhere. The main job is to reduce inflation by lowering interest. Interest is directly proportional to inflation. The more you pull it down, the lower it goes. We have experienced this.
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“We will take positive steps on the budget”
* We will continue to combat inflation effectively. We will also fight the current account deficit. We have come a long way in reducing dependence on imported intermediate goods. The recovery in the tourism and services sectors will also contribute to our fight against the current account deficit. We cannot compromise on trust and stability. In our period, one of the strongest aspects of our economy has been the soundness of public finances. Thanks to our low debt rates, it positively differentiates it from many countries. We will take positive steps on the budget with the actions we will take.
* Year-end figures were clarified as of today. Budget expenditures reached 1.202 trillion and remained below target. We met expectations in revenue and reached 1.29 trillion. Our budget deficit did not even reach 173 billion lire. The program remained below its target of 239 billion lire. In case of realization of the growth rate, the budget deficit will be 3.6 percent below national income. The success we achieved in the period when there was a budget deficit of 10.7 per cent in developing countries is admirable. Since the second half of October, the number of our cases has started to increase rapidly as in the whole world. By telling people first, we begin to take the necessary steps to prevent the epidemic. Financial balances were affected by these events. It is obvious that it will be felt in 2021. It delays the recovery of economies around the world. It brings risks to our budget predictions. The slowdown due to epidemic measures shows a decrease in our tax and non-tax revenues. There are increases in support such as the merchant support package, KÇÖ. We set the budget deficit as the new goal to keep the national income rate at 3.5 percent.
“WE WILL CREATE THE SAVINGS PACKAGE FOR PUBLIC EXPENSES”
* We will use taxes economically and efficiently while increasing our services. We will implement the savings package for public spending. We will keep it to a minimum from vehicle to accommodation, from accommodation to construction of service buildings. We will give priority to productive areas in investments. In addition to horizontal areas such as digitization, human resources and energy, we will accelerate investments in the fields of irrigation and defense. We will accelerate digital transformation. We will reduce the costs of treatment with preventive health services in health areas, which are among our highest spending items. We will increase the number of institutions within the scope of single treasury institutions. We will eliminate unproductive areas.
* We will continue our effective fight against informality. We will explain the expenses and income with our Minister of Finance and Finance, Mr. Lütfi Elvan. We will successfully pass this process. There is no problem that we cannot solve with sincerity and common sense. We will build the future of our country with patience and determination. They have trusted us for 18 years, the result is obvious. May they continue to trust us.
