Here is the “Economic Salvation Plan” of the IYI Party: Inflation target is 5 percent, Turkey Wealth Fund will be abolished, KKM will end, interest rates will be increased
The IYI Party announced its “Economy Liberation Plan” today (August 18). IYI Party Economy President Prof. Dr. Dr. He said his fund would be dissolved.
Medium-term air ratio 5
prof. Dr. In the program of Bilge’s approval, the whole of Turkey was discussed in detail. One of the most important parts of the document that includes short, medium and long-term solutions is the “Money conditions” section. It was underlined that this space interest will be increased immediately and that the Central Bank’s overall finishing cannot be ended and that the public will be informed about this issue.
The words in the plan are as follows:
Within 15 days:
- The monetary policy towards full recovery and normalization is expected to be completed. In this context, it will be considered without considering the economic target to be taken from the target of the policy.
- Bank collection collection that falls within the scope of the Center and is not related to its approval for filling will be forwarded.
- There will be a simplification in the generally accepted standards in the use of monetary policy.
Within 30 days:
- Medium-term inflation target 5 will be taken and shared with the disinflation path that is compatible with the macroeconomic framework. The aforementioned quarterly path will gradually bring inflation closer to the medium target, creating an anchor for expectations.
- In a planning path to be announced, the practices determined that the Central Bank did not enter the field will be terminated.
- Preparations for the regulation of central delivery interventions will be aligned with the core banks. In this context, the practice of intervening in sales through public banks will be terminated, and the public will be informed about the sales returns to be made by the previous administrations.
- Foreign exchange buying/selling auctions are a form of model that will be shaped in a predictable and shapeable way. Tenders will be automatically announced in a single price auction and sale prices in accordance with international norms.
- The Central Bank transportation, which should be in close relationship with the Treasury, will also be transferred to Ankara.
Within 90-180 days:
- Approval plan will be made to reorganize the restructuring of the Center. In this context, the plans that will assume the top management of the Central Bank will be designed to be suitable for international plans. 5 Vice-Presidents will be transferred again during the time of the Central Bank President Presidency.
- It will be submitted to the TGNA, which will be prepared to re-establish the regulation of the Central Bank. The Constitutional Review Bank of the Center’s independence with the first Constitution.
- It will develop and establish the Monetary Policy Committee (PPK) to have a membership that does not comply with international norms for plans and the independence of the committee.
- Since the profit transfer process of the Central Bank is evaluated from the lead movements, the evaluation of the transfer-monetary policy of the Central Bank and the Central Bank’s examination will be completed and evaluated.
- The information note planned for the MPC by the General Directorate of Research and Monetary Policy will be published on the website of the Central Bank one day before the decision on the interest rate to be determined to have the information set on the agenda of the Board and the public.
- Central Bank’s revisions will be made more transparent. For this, after the Monetary Policy (PPK) movie is announced, the votes of the board meeting will be announced.
- The market valuation of the Central Bank is estimated as follows.
- Reserve management of the Central Bank will be made transparent and accountable. In this context, a reservation service can be prepared every six months to inform the general public.
- Obtained estimates for the Center’s monetary policy (output Bank budget, natural interest rate, etc.) will be made public in a detailed report.
Institutions will be strengthened, its transparency will be
Many similar solutions can be produced in the plan, from tax to creature, from pass-guaranteed tenders to reliability. The importance of the vein that controls the Capital Markets Regulatory and Savings Deposit Agency (TMSF) boards is emphasized, and it is stated that practices that distort the conditions of fair competition in the health sector, that distort the fair preconditions between public banks and other prices, and that make a difference between public banks and economist prices, will be ended.
The most important goal is to restore confidence in the lira.
Turkey Wealth Fund to be abolished
In the “Public financial management” section, the Turkish Wealth Fund will be abolished, the statement is as follows:
“Treasury union design, Turkey Wealth Fund will be abolished, one-stop management will be brought under the roof of public buildings.”
It will be transferred to the authority to issue guarantees and the Ministry of Finance.
And the much-discussed tenders…
The plan also discussed how to carry out PPP, that is, public-private cooperation projects. Accordingly, the entire period will be managed financially and all kinds of guarantee authority will be transferred to the Ministry of Finance. Also, information about him will be shared with the public.
KKM application and tax amnesties will be given to his son
It has been announced that the plan will be transferred to the KKM used from such a plan as the last, and the plan “What you can benefit from these investments” will be observed as the basic principle. it said. On the “Taxes” of the document, it is written that the final products of tax inspections and amnesties will be completed.
TURKSTAT will be reviewed
In the plan, it was emphasized that the Turkish Statistical Institute (TÜİK) would be audited by TÜİK to re-examine its audit, and both the institution would be financed. It will also be shared in a way like TUIK and İŞKUR data.