Naci Ağbal

The Turkish government has collected almost 23 billion Turkish Liras ($6.5 billion) through its latest debt and tax restructuring plan, Finance Minister Naci Ağbal told state-run Anadolu Agency on June 2. 

The Turkish government has collected 21 billion Turkish Liras ($5.9 billion) in line with the latest debt and tax restructuring plan, a top official has said, adding that a fresh system would slash the need for another restructuring plan. 

The government restructured a total of 120 billion Turkish Liras ($33.6 billion) public receivables and tax debts in a recent plan, Finance Minister Naci Ağbal said on May 24. 

Ağbal added that tax offices would be open over the weekend to receive last-minute applications, for which a May 31 deadline has been set. 

The Turkish government ran a budget deficit of 17.9 billion Turkish Liras (around $5 billion) in January-April and 3 billion liras (around $843.5 million) in April, mainly due to a rise in state incentives to back the economy. 

The impact on the state budget of recent measures to boost Turkey's economy will only be minimal and will gradually decrease, Finance Minister Naci Ağbal has said.  

Turkey is set to introduce a new system to increase the data quality in tracking suspicious transactions, in line with efforts to boost the fight against money laundering and terrorism financing, senior officials announced on April 26. 

Finance Minister Naci Ağbal has said his ministry has launched a detailed examination into tax payments of global online portals, noting that tax avoiders were sent notifications demanding they pay their taxes.  

A draft law that will pass a new wave of tax and premium debt restructuring was submitted to the Turkish Parliament on April 19. 

"The Draft Law on Restructuring Some Receivables" will stipulate the debt restructuring until the date of May 31, Reuters reported. 

The draft is composed of six articles in total. 

Economic issues will be a top priority after Turkey's referendum on April 16, Finance Minister Naci Ağbal has said, adding that new measures to give a further boost to the Turkish economy would be discussed. 

Speaking to Anadolu Agency's Editors' Desk in Ankara on April 13, Ağbal said the government's previously launched measures had already given yields. 

The Turkish government has extended tax cuts on home appliances and furniture for a further five-month period in a bid to stir sluggish consumer demand, Prime Minister Binali Yıldırım stated on April 10.