Palandöken: ‘Long-term restructuring is a condition’

Reminding that tradesmen and artisans are going through tough times due to high inflation and the need for a new restructuring, TESK President Bendevi Palandöken stated, ‘In order to meet people’s needs, revitalize the economy, and increase the state’s revenue, a slightly longer-term restructuring that people can afford, like in the past, is necessary.’ Mentioning that a long-term restructuring is essential for tradesmen and artisans to overcome the difficulties, Turkey Tradesmen and Craftsmen Confederation (TESK) President Bendevi Palandöken said, ‘Comprehensive and long-term restructuring of debts to the state such as taxes, traffic fines, and social security premiums, just like before, is necessary for our tradesmen to get back on track. However, on the contrary, people’s accounts are being blocked. When they go to get money to pay off their debts, they are told that this block must be completely lifted before their debts are paid off. Whereas if there were installment plans, people would be more comfortable, they would pay off their debts with the money they earn, but when there is a block, they become immobilized and there is a stagnation in the economy. They cannot compete, and due to input costs, rent, etc., tradesmen become unable to do business. For tradesmen to survive, this is crucial both in terms of employment and tax revenue for the state. The blocks should be lifted without wasting time.’

‘Accessing finance is becoming increasingly difficult for tradesmen’

Reminding that when tradesmen cannot pay off their debts, they cannot benefit from health services, Palandöken said, ‘When you cannot pay your premiums, you go for a check-up but you cannot get medication. The grievances of tradesmen like this were being addressed by suspending with loans. The state was indeed providing credit below its cost. Of course, these credit facilities were a lifeline for tradesmen. They would receive it, support to pay off their other debts, and could pay off their debts to the state. However, accessing finance has become even more difficult. Income and restructuring will also contribute significantly to the state. Bringing it back to the agenda from a financial perspective will be an important step that will enable people to get rid of debts and stimulate employment. By ensuring a restructuring and making it affordable, a much higher income than the 156 billion in 2023 will be generated. The grievances of tradesmen will also be prevented.’