New Proposed Solutions for Turkey's Economic Problems on the Agenda

To tackle the chronic problems of the Turkish economy, such as the foreign exchange deficit and the high interest rate spiral, new proposals have come to the agenda, including imposing additional taxes on imports from China, India, Japan, and South Korea, regulating fuel taxes, and establishing a Presidential Aisle in chain supermarkets.

Foreign Exchange Deficit as the Core Problem of the Economy

The foreign exchange deficit, the most entrenched problem of Turkey's economy, stands out as the main cause of rising exchange rates and interest rate hikes that trigger inflation. The Central Bank's inability to lower interest rates due to fear of currency depreciation continues the ups and downs in the economy.

Proposal for Additional Tax on Far Eastern Imports

While a foreign trade deficit of 64.4 billion dollars was recorded with China, Japan, South Korea, and India in 2025, this figure is expected to be around 80 billion dollars this year. It is aimed to impose a 40 percent additional tax on imports from these countries.

Regulation of SCT and VAT on Fuel

With the additional resource to be generated from Far Eastern imports, it is proposed to completely remove the Special Consumption Tax (SCT) on fuel and reduce the Value Added Tax (VAT) by half. A certain level of state subsidy is required to balance diesel prices.

Projected Reduction in Interest Expenses

It is predicted that with the simultaneous implementation of these measures, inflation and interest rates will decrease, the government's annual interest payments will be significantly reduced, and a large resource will remain in the budget.

Presidential Aisle Project in 81 Provinces

It is requested to implement the Presidential Aisle project in chain market branches across Turkey in order to deliver basic food products at more affordable prices and reduce food inflation.