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Friday, May 25, 2018

bne IntelliNews - BEYOND THE BOSPHORUS: Can Turkey really afford its pre-election spend-fest?

BEYOND THE BOSPHORUS: Can Turkey really afford its pre-election spend-fest?

By Suna Erdem in London May 25, 2018

It looks like a good time to be a pensioner in Turkey right now. The country’s retirees are gearing up for the first of two 1,000-lira ($200) bonus payments promised by the government. The second is scheduled to arrive after the snap presidential and parliamentary elections on June 24, perhaps as a reward for being good voters and once again choosing President Recep Tayyip Erdogan for Turkey’s top job and his Justice and Development Party (AKP) for government.

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