Six-month interest income of major companies exceeded 100 billion TL

NEW Party Istanbul Deputy Özgür Karabat shared a balance sheet analysis stating that Turkey has been pushed away from a production economy and surrendered to an interest rate order. Examining the 6-month financial tables of 50 major companies, Karabat announced that the interest income of these organizations exceeded 100 billion TL.

Interest Income Exceeded One Hundred Billion Liras

NEW Party Istanbul Deputy Özgür Karabat published a comprehensive balance sheet analysis based on the financial tables of major industrial organizations. According to the examinations conducted, the total amount obtained and collected from interest alone by fifty major companies surpassed one hundred billion Turkish Liras.

Interest Earnings of Giant Companies

According to the disclosed data, during the balance sheet period, Turkish Airlines generated thirty-three point five billion liras, Turkcell seven point four billion liras, and Ereğli Demir Çelik three point one billion liras in interest income. These figures brought to light the earnings of companies outside their main operations.

Financial Assets and Impact on Production

It was stated that the companies subject to the review hold approximately five hundred billion liras worth of financial assets capable of generating interest returns. It was emphasized that if this massive resource were channeled into production instead of interest, new employment could be provided to tens of thousands of people in critical sectors.

Criticisms of Economic Policy

Arguing that the current economic model is based on rent-seeking, Özgür Karabat criticized carry trade practices, hot money dependency, and problems in fund markets. It was argued that the country has been distanced from a production economy and surrendered to an interest and hot money order.