The Republican People’s Party (CHP) has expressed substantial opposition to the AKP’s recent proposal to raise $2 billion annually for Turkey’s defence industry fund, and citizens are concerned about the increased financial obligations. Critics have criticized the bill for its disproportionate impact on average citizens, as it establishes fees based on credit card limits, real estate transactions, and luxury goods. Volkan Demir, the deputy chair of the CHP, condemned the proposal, accusing the government of fiscal negligence and “mocking” the public by imposing additional financial obligations.
The proposed law would impose an annual fee of 750 lira on citizens with credit card limits exceeding 100,000 lira ($2,914). Additionally, new fees would be imposed on the sale of real estate and cars. Critics contend that these measures unjustly target taxpayers and impose unnecessary financial strain during a period in which household budgets are already constrained by inflation and economic instability.
Furthermore, there have been reports that imminent regulations may impose limitations on citizens who wish to decrease their credit card limits. This has caused additional concern, as it would restrict consumers’ capacity to manage their finances and mitigate their liabilities.
The measure has been vigorously condemned by the opposition CHP, with Demir emphasizing that, although defence funding is crucial, it should not be obtained by overburdening the public. In contrast, he advocated for more effective resource management and a particular emphasis on the reduction of government spending inefficiency.
The debate regarding the defence fund measure is expected to intensify as the AKP advances with this contentious proposal, particularly as concerns regarding the broader economic implications for Turkish citizens continue to escalate.
