An end to early elections?


Despite some resistance, it seems Erdogan has put the final nail on early elections

Despite the “no early elections” announcements of the President, Prime Minister, members of the government and the AK Party’s administration, early election expectations have stubbornly persisted in parliament. Even AKP deputies have on occasion openly expressed that a last minute election would not be a surprise. However, in recent days, speculation that the parliamentary and presidential elections may be pushed up to November 2018 has finally died down. The prevailing opinion now is that the President has put an end to the early election debates in meetings held at the Istanbul Provincial Organization and then the AK Party Headquarters with 45 deputies of 14 provinces by clearly stating the elections will be held as scheduled. The most important argument of those who say that the parliamentary and presidential elections should be pushed up to sometime before local elections, to be held on March 2019, is concern over the AK Party’s historic tendency of receiving lower votes at local elections, which could negatively affect their results in the more critical presidential and general elections.

An AK Party deputy expressed this concern in a meeting held at the party’s headquarters with President Erdogan, stating: “The place for citizens to bring the government to account is the ballot box. In terms of political sociology, if there is not more than one year between the local election and the general election, voting tendencies will be affected by the earlier ballot results.” Erdogan reportedly responded by saying, “The elections will be held on time. That is it! The economic burden of early elections is high.” On the other hand, a possible early election decision will not be decided by the AK Party or the MHP alone.

Regulat ons to support the economy

The plans to support production, employment and investment and to improve the investment climate were sent to the parliament and enacted individually. Within the context of improving the investment environment, the Execution and Bankruptcy Law has been amended and the period of postponement of bankruptcy has come to an end due to problems arising from abuse and implementation. For companies falling into difficulty, the contract was revised and a new model called “Rescue Contracting Authority” was introduced. The 95-point law was especially notable for employment incentives. A series of incentives were provided until the end of 2020.

With legislation on the Value Added Law, the rule that VAT inherited from the previous fiscal period will be non-returnable was cancelled and VAT support for health tourism was introduced. The economic implications of the legal regulations will be tested in the coming months. Meanwhile, the Ministry of Finance began to work to amend the Tax Procedures Code. The bill is expected to be submitted to the parliament by the end of April at the latest.

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