Minister Şimşek: We created space in the budget for retirees

Minister of Treasury and Finance Mehmet Şimşek made a presentation about the 2027 budget of his ministry at the Grand National Assembly of Turkey Planning and Budget Commission. Giving a message about the purchasing power of retirees, Şimşek said, "We have created space in the 2027 budget to support the purchasing power of our retirees."

In his presentation, Şimşek also shared the latest data on the developments in the capital markets and the liquidation process of the funds.

130.2 BILLION TL PAYMENT WAS MADE IN FUNDS

Providing information about the extraordinary liquidation process, Şimşek announced that a total of 62.2 billion TL interim payments were made to 542 thousand 975 accounts in 15 funds as of November 4, 2026.

Şimşek gave the following information about the payments made since the beginning of the process:

“Thus, to date, 130.2 billion TL has been paid to 420 thousand 31 unique people in 108 funds, 614 thousand 874 accounts, and 179 thousand 449 people have received the full net investment amount.”

100 TRANSACTIONS WORTH 3.8 BILLION TL WERE POSTPONED

Stating that efforts are continuing against those who obtain unfair and exorbitant profits from the funds, Şimşek gave information about MASAK's attempts to identify assets and bring assets abroad to Türkiye.

Şimşek said, "MASAK continues its efforts to identify the assets of those who have obtained unfair and exorbitant profits from the funds and to bring their assets abroad to our country."

Stating that 100 transactions worth approximately 3.8 billion TL were postponed as of November 4 within the scope of the studies, Şimşek noted that as a result of cooperation with foreign counterparts in 36 different countries, assets worth approximately 9 billion TL were detected and submitted to the information of the judicial authorities.

SANCTIONS AGAINST MANIPULATION WILL BE INCREASED

Stating that new regulations for capital markets are also on the agenda, Şimşek said that additional steps will be taken to strengthen investor confidence and ensure the healthy functioning of the markets.

Şimşek said, "In the coming period, additional steps will be taken to strengthen investor confidence and ensure the healthy functioning of our capital markets."

Referring to the draft regulation that institutions are working on in this context, Şimşek said, "In this context, the draft regulation that our institutions are working on focuses on increasing sanctions against manipulation and strengthening institutional capacities."