“Maximum pandemic, minimum state support”
Photo: AA / File
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Turkey’s financial assistance to its citizens during the Covid-19 pandemic is on par with poor countries, according to a report by the Research Center of the Confederation of Revolutionary Trade Unions of Turkey (DİSK-AR).
Turkey allocated only 2.7 percent of its national income for cash assistance to citizens, the United States allocated 25.4 percent, Greece 21.1 percent, and New Zealand 19 , 3 percent of their national income.
Some highlights of the report
➟ On average, the ratio of financial assistance to national income was 17.2 percent in rich countries and 2 percent in poor countries.
➟ The 10 richest G20 countries provided $ 8.3 trillion to their citizens and the 10 middle-income countries spent $ 1.3 trillion.
➟ While the United States alone provided 51% of all additional spending and cash support for Covid-19, 59 poor countries were only able to provide 5% of total spending.
➟ Turkey’s cash support amounted to around $ 19 billion. Turkey’s share of cash spending and indirect support in the amount of money spent globally was only 1.8 per thousand. “
➟ Turkey’s share of total cash expenditure and indirect income support in its GDP was 2.7%. The country spent 0.4% of its GDP on health care during this period.
➟ A significant part of the expenditure made by Turkey was covered outside government resources, notably the Unemployment Insurance Fund, the Social Assistance and Solidarity Fund and the donation campaign launched by the government.
➟ According to IMF database, Turkey’s total additional spending on Covid-19 was Lira 90.9 billion (US $ 11.8 billion): cash assistance and additional minimum pension payments (22.5 billion lire), unemployment fund (5.9 billion lire), short-working time allowance (33.2 billion lire), cash assistance for employees (11, 4 billion lire), social assistance programs (8.8 billion lire) and support for traders (4.6 billion lire). (HA / VK)