Milliyet Son Dakika14 minutes agoBusiness1 min readTürkiye

'Not even a penny of the Unemployment Fund was collected'

Quick Look

Mithat Yurdakul Işıkhan stated that the Unemployment Insurance Fund has no relation with the liquidated funds, its resources are used in public domestic debt securities, public banks and Takasbank, the fund is regularly audited and there is no money stuck in any fund.

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Why It Matters

Mithat Yurdakul Işıkhan answered the questions about whether the Unemployment Insurance Fund has a relationship with the liquidated funds.

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MİTHAT YURDAKUL - Işıkhan said, "The Unemployment Insurance Fund has nothing to do with the liquidated funds." Explaining that the fund resources are evaluated in government domestic debt securities, public banks and Takasbank in accordance with the Public Treasury Regulation, Işıkhan said, "It is not legally or technically possible to utilize the fund resources in any field other than these instruments or to use them in speculative transactions."

Stating that the fund is regularly audited by the Court of Accounts and independent auditors, Işıkhan said, "I was asked openly, 'Is unemployment insurance stuck in the funds?', and I answer openly, we do not have even a single penny stuck in any fund."

Open Questions

What is Mithat Yurdakul Işıkhan's official title in his institution?
It was not stated in which instruments and in what proportion the fund resources were held.