Turkey’s opposition parties offer their own roadmaps to fix the
The economy is back on the agenda of political parties following recent developments. While leaders raised a number of proposals for economic management developed by their own economic advisors, they also asked the parliament to convene to deal with the economic crisis. There were also political parties that wanted President Erdogan and the economic administration to schedule an economic summit to inform political party leaders of the government’s plans. As the fluctuation in the economy continues, the political parties have made recommendations in terms of the measures to be taken in the short and medium terms. Here are their key features:
CHP: End popul st rhetor c n fore gn pol cy
A system based on competence should be rebuilt in the state. The rule of law and its protection must be ensured. The independence of the Central Bank must be ensured. A rational hot money management plan should be adopted. The Turkish lira should be used in tenders. The public procurement law must be changed. The Court of Accounts, which monitors where taxes are paid, should go back to its international standards. Extra budgetary funds should be abolished. All structures like Housing Development Administration (TOKI) must be removed. The rhetoric of populism in foreign politics should be defeated. Uncontrolled borrowing should be stopped. There must be a constitutional rule for it, there should be limits and rules, and these should be brought to the parliament. Tax policy must be amended. An economic policy that prioritizes production should be adopted. The economy of waste should be abolished and saving in the public sector should take priority.
MHP: A stable and strateg c econom c v s on must be grounded n pol t cal w ll
Tight monetary and fiscal policy must be implemented. Saving measures should be taken and extended in the public sector. Budget discipline should not be violated. Supply should be increased in order to slow the high demand for foreign exchange. The Central Bank and the Monetary Policy Board should follow the developments closely and should not be late for obligatory interventions. The use of Turkish lira should be encouraged, foreign currency-denominated rent, highway and bridge tolls should be restructured with the national currency. An effective struggle against inflation and current account deficit should be initiated. Possible bankruptcies must be avoided. A very stable and strategic economic vision must be grounded in political will. An economic model based on production should be adopted as soon as possible. Stockpiling must be prevented and economic mobilization must be declared. Structural problems must be eliminated quickly to consolidate macro- and microeconomic balances. Global alliances and relationship networks must be re-evaluated. Priority and importance should be given to the production of domestic and national products in order to reduce import dependency. Efforts should be made at the high levels on economic equality, freedom, justice and security.
GOOD Party: L ra should be adopted n PPP project and publ c tenders
The state of law must be made functional with all its mechanisms. National interests should be taken into account in foreign policy and populist rhetoric that increase tensions should be avoided. TURKSTAT should be upgraded to European Union standards as soon as possible in terms of data reliability. Competence should be established in autonomous institutions like the Central Bank, Banking Regulation and Supervision Agency, Capital Markets Board and Saving Deposit Insurance Fund. Central Bank independence in choosing its instruments should be guaranteed. A holistic agricultural policy must be established. Budget discipline must be re-established. ‘Asset Fund’ and similar institutions should be liquidated and their assets should be included in the budget and subject to the Court of Accounts audit. All unproductive expenditures, such as authority vehicles, service buildings and other current expenditures, leading to waste and corruption in all public institutions and organizations, especially the Presidential Office, should be abolished immediately. The Turkish lira should be adopted in big PPP projects and public tenders. Statements that would suggest non-market control and restrictions should be avoided.