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.