Yeni Şafak Criticizes Government on Economy: Companies Driven to Bankruptcy by High Interest Rates

Interest Rates and Company Conditions The Central Bank has kept the policy rate at 37% amid fears of currency depreciation.
These high rates increase borrowing costs for companies, pushing them into financial distress.
Employment and Trade Turkey hosts about 2.2 million companies that employ 25 million people.
The 2026 budget projects interest expenses of 2.042 trillion TL.
Foreign Trade Deficit and Budget With imports of $400 billion and exports of $280 billion, Turkey faces a trade deficit.
In 2025, the deficit with China, Japan, South Korea, and India was $64.4 billion.
Fuel Subsidies Motor oil prices are 71.08 TL per litre; reducing them to 55 TL would require a fixed, predictable subsidy of 16.08 TL per litre.
Yeni Şafak's Recommendations Lower fuel taxes to reduce consumer prices.
Introduce a 40% additional duty on imports to improve the trade balance.
Stabilize foreign exchange rates.
Eliminate fuel excise tax and cut VAT by half, potentially generating $15 billion in revenue.
These measures could help Turkey achieve sustainable growth objectives.