Reaction from CHP's Aşkın Genç to the Treasury's domestic borrowing plan: The primary surplus of the budget went to interest

NEW Party Kayseri Deputy Aşkın Genç evaluated the Ministry of Treasury and Finance's plan to borrow a total of 630.7 billion TL in the October-December period with budget data.

Stating that although the central government budget had a surplus of 680 billion TL excluding interest in the 8 months of 2026, the budget deficit reached 1 trillion 308 billion TL due to interest expenses of approximately 1 trillion 988 billion TL, Genç said, "The entire non-interest surplus of the budget went to interest. The Treasury will go to domestic borrowing for another 630.7 billion TL in the next three months. But the issue is not only the new borrowing figure. The real picture is in the budget. "In the 8 months of 2026, the budget had a surplus of 680 billion TL. However, there was a deficit of 1 trillion 308 billion TL. Because approximately 1 trillion 988 billion TL of interest was paid in only 8 months. That is, the entire non-interest surplus was not enough, leaving a deficit of 1.3 trillion TL."

"APPROXIMATELY 3 TIMES OF THE INVESTMENT WAS Spent ON INTEREST"

Comparing the interest burden in the budget with investment expenditures, Genç stated that capital expenditures were approximately 745 billion TL in 8 months and interest payments reached 1 trillion 988 billion TL, and said, "In the same period, approximately 3 times the capital expenditure of 745 billion TL for investments was spent on interest payments."

DEBT STOCK REACHED 16 TRILLION LIRAS

Drawing attention to the increase in the central government debt stock, Genç emphasized that the debt stock increased by approximately 3.5 trillion TL in the last year and approached the level of 16 trillion TL.

Young said:

"We are faced with a state that turns debt into debt. The loans received, the taxes collected, do not go to investment or employment, they go to interest. There is no bigger problem than paying off the debt with debt. It is not possible for such companies to survive, and it is not possible for the economic management of such countries to survive."