January 5, 2022
1 min read

Erdogan Vows To Stem Inflation

The civil servants and pensioners in the country will be supported by new economic measures…reports Asian Lite News

Turkish President Recep Tayyip Erdogan has vowed to decrease the country’s inflation back to single-digit levels after the annual inflation surged to 36.08 per cent, the highest since 2002.

“Whatever the reason is, we are in sorrow that our citizens are faced with such a picture,” Erdogan said at a press conference after a cabinet meeting.

The government is determined to decrease the inflation to single digits as soon as possible, he said, recalling that they had managed to reduce to 6 per cent in the past, reports Xinhua news agency.

ALSO READ: Erdogan Wants To Make Turkey Great Again

The civil servants and pensioners in the country will be supported by new economic measures, he said.

Erdogan said they will increase salaries for civil servants by 30.5 per cent and they will ensure an inflation level-based increase in the pensions of the retired citizens.

Salaries for any pensioners will not be lower than 2,500 Turkish Lira ($192), he stated.

Previous Story

UN Chief Hails Nuke-Statement

Next Story

Residents of Chinese city under lockdown barter dishwashing liquid for apples

Latest from News

Africa CDC calls for self-reliance

Data from the African Union’s specialised healthcare agency show that the continent, over the past 24 months, has witnessed an “unprecedented surge in public health emergencies,” rising from 152 disease outbreaks in
Go toTop

Don't Miss

Global Covid caseload tops 525.3 mn

The global coronavirus caseload has topped 525.3 million, while the

Troon Golf & Emaar Hospitality Group Celebrate 20th Anniversary

To celebrate the occasion, selected guests were invited to a