Free Trial

Impact of Pensions Boost on 2023 Budget Seen at TRY121bln

TURKEY
  • Bloomberg report that the Turkish government calculates the annual burden on the budget for raising minimum monthly pensions to TRY7500 from TRY5500 as TRY121bln ($6.34bln), according to an impact report seen by Bloomberg.
  • The increase in pensions for public sector workers are part of wider accommodative budget policies ahead of the elections aimed at supporting growth. These measures include a 55% minimum wage increase and early retirement for around 2 million workers.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.