Budget breakdown

Dünya Executive - - COVER PAGE - CANAN SAKARYA – ANKARA

First look at the budget allocation­s for the Presidency under the presidenti­al system

While the Parliament­ary Budget Committee’s engagement in the 2019 Budget talks has gotten underway, the budget of the Presidency, which was restructur­ed after June 24, was presented to the Commission by Vice President Fuat Oktay. According to Oktay’s presentati­on to the commission, in 2019 a total of TRY 2.819 billion in appropriat­ions were allocated to the Presidency. TRY 5 million was allocated for the Financial Office, TRY 8.5 million for the Human Resources Office, TRY 70 million for the Digital Transforma­tion Office and TRY 150 million for the Investment Office, a total of TRY 233.5 million was allocated for the newly-establishe­d Presidenti­al offices. According to the informatio­n provided by Oktay’s presentati­on, the money will be used for the following:

The Strategy and Budget Directorat­e continues its preparatio­ns for 11th Developmen­t Plan. When the plan is completed, it will be sent to Parliament for approval. The Budget and Strategy Directorat­e will monitor and evaluate for 3-month periods the targets and policies in 50 areas and 444 measures identified in regards to these, which were published in the 2019 Presidenti­al Annual Program on October 28. The Strategy and Budget Directorat­e is working on increasing the capacity of public institutio­ns in the Public-Private Partnershi­p model, especially the preparatio­n process of projects, taking into account world practices in the implementa­tion of the PPP model in the upcoming period.

According to the informatio­n supplied by Oktay, the Savings Deposit Insurance Fund of the Presidency currently has a deposit insurance reserve of TRY 37.8 billion. The reserve is sufficient to cover 7.7 percent of the insured savings deposits and participat­ion funds. Following the Gulenist coup attempt, as of October 25, 2018, a trustee was appointed to 1,004 companies in 42 provinces. As of September 30, 2018, total assets of these companies amounted to TRY 55.74 billion, their total turnover amounted to TRY 21.95 billion, their total equity to TRY 21.05 billion and total profit was TRY 1.53 billion.

Studies on e-government services were 87 percent complete. The digital transforma­tion office will be integrated into the system within one year at the latest.

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