Yerepouni Daily News
No Result
View All Result
  • Հայերէն Լուրեր
  • Յօդուածներ
  • Հարցազրոյցներ
  • Մարզական
  • Այլազան
    • Զանազանք
    • Մշակութային
    • Գաղութահայ Կեանք
  • Արեւելահայերէն Լուրեր
  • English
    • World News
      • Africa
      • America
      • Asia
      • Australia
      • Europe
      • Middle East
    • Markets & Economy
    • International Press
    • Health
    • Social
    • Sports
    • Art & Entertainment
    • Science & Technology
  • أخبار باللغة العربية
  • Հայերէն Լուրեր
  • Յօդուածներ
  • Հարցազրոյցներ
  • Մարզական
  • Այլազան
    • Զանազանք
    • Մշակութային
    • Գաղութահայ Կեանք
  • Արեւելահայերէն Լուրեր
  • English
    • World News
      • Africa
      • America
      • Asia
      • Australia
      • Europe
      • Middle East
    • Markets & Economy
    • International Press
    • Health
    • Social
    • Sports
    • Art & Entertainment
    • Science & Technology
  • أخبار باللغة العربية
No Result
View All Result
Yerepouni Daily News
No Result
View All Result

Erdoğan seeks 40.4 percent rise in pay for himself

June 22, 2022
in World News, Europe
0
Erdoğan seeks 40.4 percent rise in pay for himself

Turkey's President and leader of the Justice and Development (AK) Party Recep Tayyip Erdogan delivers a speech during his party’s group meeting at the Turkish Grand National Assembly (TGNA) in Ankara, on May 18, 2022. - Recep Tayyip Erdogan, who has threatened to block Finland and Sweden from joining NATO, urged the alliance's members on May 18, 2022 to "respect" Ankara's concerns about the two countries, which Turkey accuses of harbouring terrorists. (Photo by Adem ALTAN / AFP)

By Turkish Minute
As Turkey’s wage earners find it increasingly difficult to make ends meet amid the country’s economic woes, President Recep Tayyip Erdoğan is seeking a second pay raise for himself this year, 40.4 percent this time, an opposition lawmaker has announced.

The last time Erdoğan got a raise was in January, when his monthly salary went from TL 88,000 ($5,000) to TL 100,750 ($5,700), a 14.4 percent increase.

With the expected second pay raise, which was submitted to parliament as part of a supplementary budget, Erdoğan’s salary will increase to TL 141,453 ($8,100), equivalent to 33 minimum wage salaries, according to a tweet from Özgür Özel, main opposition Republican People’s Party (CHP) deputy parliamentary group chair.

The minimum wage in Turkey is currently TL 4,253 ($244).

“Does the economic crisis, which affects the president, not affect minimum wage earners? Will minimum wage earners have to live on TL 4,253?” Özel asked.

Recent increases in food and utility prices continue to cripple the purchasing power of Turks as yearly inflation reached a record level of 73.5 percent in May, up from 69.9 percent in April, the highest level of inflation since 1998.

Critics blame the country’s economic woes on Erdoğan’s unorthodox economic policy of pushing for lower interest rates to combat price rises.

The central bank refused again last month to raise its main rate, keeping it at 14 percent.

The lira has been the worst performer among emerging markets for several years due largely to investors’ concerns about economic and monetary policy under Erdoğan’s government, leaving households financially strained ahead of elections set for mid-2023.

Previous Post

Gendarmes spark outrage for terrorizing Kurdish civilians during detention in eastern Turkey

Next Post

47 detained over alleged Gülen links in ‘payphone investigation’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Contact Us

© 2021 Yerepouni News - Website by Alienative.net.

No Result
View All Result
  • Հայերէն Լուրեր
  • Յօդուածներ
  • Հարցազրոյցներ
  • Մարզական
  • Այլազան
    • Զանազանք
    • Մշակութային
    • Գաղութահայ Կեանք
  • Արեւելահայերէն Լուրեր
  • English
    • World News
      • Africa
      • America
      • Asia
      • Australia
      • Europe
      • Middle East
    • Markets & Economy
    • International Press
    • Health
    • Social
    • Sports
    • Art & Entertainment
    • Science & Technology
  • أخبار باللغة العربية

© 2021 Yerepouni News - Website by Alienative.net.