The ruling party of Turkey is preparing a bill allowing individuals and legal entities restructure public debtdeclared Tayyip Erdoganin one of the most impressive measures promised before the elections.
Changes to be voted on by AC are expected to be late payment fee is not charged arising from unpaid tax bills, social security debts and other liabilities, the Turkish president said after a cabinet meeting.
It will also allow individuals and companies to repay outstanding debts to doses after restructuring with specific interest ratehe added.
According to Reuters, the announcement comes at a time when Erdogan is facing what is considered biggest problem for 20 year old government parliamentary and presidential elections expected to take place May 14.
The government has already increased expenses, lowered the retirement age and gave significant increase in the minimum wage and them pensions.
Reuters
Source: Kathimerini
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