New Welfare Party Proposes 20,000 TL Retirement Bonus to Turkish Parliament

Proposal for 20,000 TL Retirement Bonus Bilal Yıldırım, Deputy Chairman of the New Welfare Party (Yeniden Refah Partisi), made significant statements regarding the national agenda during a press conference held in Malatya.
Yıldırım announced that the party has officially submitted a legislative proposal to the Grand National Assembly of Turkey (TBMM) to increase holiday bonuses for retirees to a minimum of 20,000 TL to improve their economic conditions.
Advocating for more effective use of public resources by the government, Yıldırım called for the prevention of waste and the termination of tax exemptions granted to privileged holding companies.
He emphasized that the only way out of the economic crisis is through production.
"As the National Vision (Milli Görüş) Movement, we prioritize production, followed by employment and exports.
In a country without production, it is inevitable for inflation to reach these levels.
Local production must be rapidly increased in all sectors, particularly in agriculture and food," Yıldırım stated.
Malatya Industry and Sectoral Risks Issuing warnings regarding the local economy, Yıldırım stated that the risks associated with textile-oriented growth in Malatya have now materialized.
He noted that many factories have either closed or moved their production to countries with lower costs, such as Bangladesh.
He expressed that investors came to the region solely for incentives, but the local economy became fragile due to a lack of sectoral diversity.
High Interest Rates and Investment Environment Arguing for a fundamental change in the current economic model, Yıldırım said that high interest rates are the biggest obstacle to investment.
He reminded that while interest rates in developed countries remain low, they have reached the 50 percent band in Turkey.
He stressed the necessity of implementing a model based on real production, away from high interest rates.