Our priority is to protect the residents’ earnings amid the continuing struggle in opposition to the Corona Virus outbreak, and we’ve got been taking steps one after the other to guarantee this, Treasury and Finance Minister Berat Albayrak mentioned Wednesday.
In video footage he shared on his Twitter account, Albayrak mentioned they’ve been implementing measures to ease the financial influence of the outbreak from the very starting, particularly with the stimulus package deal introduced by President Recep Tayyip Erdoğan on March 18.
He mentioned officers from the ministry have been evaluating the requests obtained from the residents and tradesmen, beginning with these most affected by the detrimental influence of the virus.
Albayrak added that the steps taken embrace all sectors no matter occupational teams, and their priority is to protect the residents’ earnings whereas compensating for his or her losses.
One such step is that greater than 2 million small earnings households will profit from the help package deal for his or her wants akin to lease and invoice funds. While the quantity of support could be elevated, it will likely be supplied to households with an earnings of below TL 5,000 ($748) in various quantities.
Albayrak famous that tax and social safety funds of the tradesmen have been postponed, including they need employers to hold the employment charges the identical and keep away from layoffs. Treasury-backed finance assist was additionally launched by way of pubic lender Halk Bank to compensate for the tradesmen’s losses.
It was additionally introduced beforehand that the staff whose working hours have been shortened due to the pandemic will likely be supplied monetary assist, and round 19,000 corporations have already utilized for the assist package deal.
Albayrak highlighted that they encourage each employer to apply for the assist package deal moderately than shedding any workers or giving unpaid time without work.
Small and medium-sized enterprises (SMEs), that are a number of the most weak companies throughout financial stagnation, are additionally benefiting from tax postponement, and a treasury-backed assist package deal was launched for his or her capital fund wants. The monetary assist will likely be supplied by way of public banks with a TL 25 billion treasury bail restrict and up to TL 450 billion in liquidity.