GES Statement by Treasury Minister Nureddin Nebati

Turkish Treasury and Finance Minister Nureddin Nebati spoke about the Income Indexed Government Domestic Debt Securities (GES) announced by the Ministry of Treasury and Finance on Friday.

Minister Nureddin Nebati, who spoke about Income Indexed Government Domestic Debt Securities (GES) in Gaziantep, said, "The annual compound return will be 23.04 percent. When the revenue performance transferred to SOEs subject to SPPs is higher than expected, it will provide additional returns to investors." Minister Nebati said, "We have announced that in addition to the KKM that we have been implementing since 20 December, SPP will be issued. SPPs are intended for individual investors. Demand will be collected as of June 15. The annual compound return will be 23,04 percent. The subject of SPPs is When the revenue performance transferred to the SEEs, which are the ones that are in charge, is higher than expected, it will provide additional returns to the investors. Production, exports and employment are the basis of the Turkish economy. Despite this, we will continue to discriminate positively for our low-income citizens in consumer loans. We did not reduce the maturities of loans up to TL 50 thousand. Growth continues in free market conditions. Today, inflation is the common problem of the world. This rise is also reflected in our country. Fighting inflation is our top priority today. We have mobilized together with all the institutions of the economy administration in order to fight inflation and support financial stability.