Debt burden of AKP-run municipality grows! It has become the fourth municipality with the highest increase in debt
The debt of Kayseri Metropolitan Municipality has reached 3 billion 909 million TL, making it the fourth municipality in Turkey with the highest increase in debt. It has emerged that Kayseri Metropolitan Municipality Mayor Memduh Büyükkılıç, who said "We have money, we have no debt!" before the March 31 elections, concealed the rapid rise in debts.
Kayseri Metropolitan Municipality Mayor Memduh Büyükkılıç, who made the statement "We have money, we have no debt!" before the March 31 elections, has come to the agenda with the rapid increase in his municipality's debts.
The total debt of Kayseri Metropolitan Municipality has increased by 95.7 percent compared to the same period last year, reaching 3 billion 909 million TL. With this figure, Kayseri Metropolitan Municipality becomes the fourth municipality in Turkey with the highest increase in debt.
While the debt of Kayseri Metropolitan Municipality contradicts Mayor Büyükkılıç's election period promises, the municipality's affiliated institutions are also under a serious burden regarding debts.
KAYMEK's tax debt has risen to the levels of 46.89 million TL, and its social security premium debt to 216.68 million TL. Additionally, the debt of the Kayseri Water and Sewerage Administration has reached 190 million 940 thousand TL.
News Source: 12punto
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