Erdoğan's inflation message: He points to the post-election period again

President and AKP Chairman Recep Tayyip Erdoğan attended the Common Sharing Forum held in Istanbul.

Here are the highlights from Erdoğan's speech there:

"We consider this record we have broken in exports to be very valuable. Our Turkish Confederation of Employer Associations also displayed a constructive attitude during the minimum wage negotiations. It was conducted within a rational framework, taking our country's conditions into account.

I wish the minimum wage, which has been set at 17 thousand 2 lira, to be beneficial for all our employers as well as our employees. We have kept our promise not to let those working for minimum wage be crushed by inflation. We had removed income and stamp taxes from the minimum wage. By increasing the insurance premium support from 500 lira to 700 lira, we showed that we are taking responsibility.

"85 MILLION WILL BENEFIT FROM THE ADDED VALUE"

As the Turkish economy grows, all 85 million will benefit from the added value. We all know that Turkey has the capacity to successfully handle global risks. We will definitely lead our struggle to strengthen our country to victory. I would like to underline this point here. Our primary criterion is service to Turkey and our beloved nation.

Everyone who works for Turkey, dreams for it, and contributes to the development of the economy is welcome. It is our primary duty to help those who spend what they earn in this country for the welfare of this nation along with themselves. We have not accepted and will not accept any approach that will harm the country's economy.

"ATTACKS ON OUR NATIONAL SURVIVAL HAVE INCREASED"

We see that attacks on our brotherhood, which is the guarantee of our national survival, have intensified recently. The reason for the attacks is our upright and uncompromising stance on the Palestinian cause. Our National Intelligence Organization and our Turkish Armed Forces are dealing very heavy blows to the enemies of Turkey. Our ideal of a fully independent Turkey is ceasing to be just a discourse and is turning into reality step by step. It is normal for those accustomed to the old Turkey to be uncomfortable with this.

We will not allow those who want to collapse our fortress. We need to leave these toxic and poisonous debates behind quickly. Those who fuel polarization for the sake of political gain do not wish for the well-being of our nation. We cannot afford to spend a single second on fake agendas. We will join our forces together for the Century of Turkey, all 85 million of us.

"WE HAVE FULL CONFIDENCE IN THE ECONOMIC MANAGEMENT"

We are giving the necessary support to our friends to whom we have entrusted the economic management. Today, we have full confidence in them and their policies. We see that the decisions taken in the economy have started to bear fruit despite the risks. Capital inflow has accelerated in the last 6 months. Our reserves have strengthened. Sudden exchange rate movements have decreased. Financing conditions have improved. Our Central Bank's reserves have reached the highest level in history, hitting 143.5 billion dollars.

INFLATION MESSAGE

We are making intense efforts to solve the inflation issue. The downward trend in core and headline inflation is consistent with our medium-term program. The decline in inflation will be felt more clearly in the second half of the year. I think next year will witness positive developments that will surprise everyone in this respect.

EXPECTATION OF A DECLINE IN THE CURRENT ACCOUNT DEFICIT

We are determined to reduce the current account deficit to 4 percent this year, 3 percent next year, and 2 percent the following year. We will not compromise on fiscal discipline. We see that financing costs have increased along with the policies followed by our Central Bank. We are striving to create lower-cost financing opportunities. Investment-committed advance loans are one of these.

Istanbul wants to return to its good old days right now. Our motto is 'Istanbul again'. We are obliged to do this. We are obliged to rebuild and revive Istanbul. We will continue on our path by rebuilding and reviving Istanbul."

News Source: 12punto