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Istanbul Planning Agency President Buğra Gökçe addressed the issue of income inequality in Turkey.
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Gökçe stated that the wealthiest 5 percent receive 23.3 liras out of every 100 liras, while the wealthiest 10 percent of the population obtain more than one-third of the total income, specifically 33.4 percent.
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However, the share of the total income received by half of the population remains at only 22.8 percent.
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Istanbul Planning Agency President Buğra Gökçe drew attention to the significant inequality in the country's income distribution, stating, "Half of the Turkish population does not receive as much of a share of income as the wealthiest 5 percent."
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Stating that this inequality has deepened over the last 5 years, Gökçek said, "While the bottom 50 percent of the population in terms of income received a 24.5 percent share of the total income in 2019, this rate fell to 22.8 percent in 2023. The rich have become even richer, while the poor have suffered a loss of income."
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Gökçe emphasized that the share of the top 25 percent income group in total income has risen to 54.4 percent, stating the following:
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"This means that while 25 people receive 54.4 liras out of every 100 liras, the remaining 75 people share only 45.6 liras"
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It Has Become Europe's Most Unequal Country
According to the Gini coefficient, which measures income inequality, Turkey has ranked as the worst country in Europe.
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While Turkey's Gini coefficient is 0.420, the EU average remained at 0.296. Gökçek stated that this rate is 0.36 in Russia, 0.32 in Germany, and 0.31 in Japan.
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The Wealthy Were Protected, the Poor Became Poorer
Gökçe stated that the economic policies being implemented have put low-income groups in a particularly difficult position, adding the following:
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"Resources were transferred to the highest-income classes through practices such as high inflation and the KKM (FX-Protected Deposit Scheme). While the poor became even poorer, the share of the wealthy in total income continuously increased," he said.
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"We Need a New Roadmap"
Finally, Gökçe emphasized the need for a new economic understanding to change this picture, stating, "One cannot expect different results with the same actors, the same mentality, and the same practices. Turkey needs a new roadmap and change."
News Source : 12punto
