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ESNAFA RENTAL SUPPORT
The increase in the epidemic in many places makes our work difficult. Despite everything, we will continue to walk towards our goals to take our steps to maintain investment, employment and productivity.
Together with all our citizens, we were with our merchants and merchants. The amount of cash support we provided reached 45 billion lira. We continue to support our traders and traders sincerely today as we did yesterday. To do this, we reduced the interest and retention rates of the deposit and participation accounts in Turkish lira. Recently, market-friendly measures have been taken to increase confidence in Turkish lira assets. There was a decrease in the risk premium and an appreciation of the Turkish lira. During the 18 years that we have been in power, we have been in charge of maintaining fiscal discipline. The central government had set the ratio between the budget deficit and national income as a target of 4.9% for 2020. The results show that it will close 2020 with a budget deficit below 4.5%. I hope our citizens support our fight by converting their foreign currency savings to TL. The ratio of total debt to national income in Turkey is at a manageable level at 167 percent. Our country has the support that national and foreign investors need thanks to its solid banking system. How we handled inflation in the past and if we reduced it to single digits, we will now provide it.
At our last cabinet meeting, we shared the additional measures with our nation. Today we evaluate the results. We are beginning to see the positive effects of the measures we implement. It is a national duty for all of us to succeed in this fight. In this context, I want to share some good news with our nation.
We are extending the retention period, which we reduced from 20% to 10% until the end of the year, until June 1.
We will continue to apply the VAT rate on the job rental service, which we reduced from 18% to 8%, until June 1.
We are extending VAT discounts, which cover many sectors, until June 1.
We have extended VAT discounts, which cover many sectors, from accommodation to food and beverage, passenger transport and maintenance repair, until June 1.
We have given the municipalities the opportunity to decide on a reduction or postponement of the fees derived from the use of rights of easement, lease and similar use of real estate they own or own.
RENTAL SUPPORT
We have 806 thousand citizens and 432 thousand 567 merchants who are directly affected by the epidemic with restrictions. We will make a maintenance payment of 1 million 239 thousand 438 people per month for 3 months.
We have provided a total of TL 3 billion 718 million of support of Lire 1 billion 240 million per month to our merchants.
Tax, minibus and service operators, marketers, tailors, auto repair shops, restaurants, patisseries, men’s and women’s hair salons, hostels, dormitories, kindergartens, wedding salon operators will benefit from direct payment of support to the merchants that we will provide in the form of a grant.
We will provide rental support of 750 lire per month in metropolitan cities and 500 lire in other provinces for 3 months to our merchants whose place of employment is rental.
In the next 3 months, our goal is to provide a total of 5 billion of support to our merchants. We postpone the lease, the final permit, the final assignment, the right of easement, the permit of use, the use and the participation in the income of the tourist facilities and the marine tourism facilities on treasury real estate and the payment terms of foreigners for 1 year without having to request it.
