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Turkey Budget Commission meets amid fund crisis and political clashes
The Turkish Grand National Assembly (TBMM) Plan and Budget Commission convened to discuss the 2027 Budget Law Proposal and the 2025 Final Account Law Proposal. The sessions were marked by intense political friction between ruling AK Party and opposition members from the İYİ Party and CHP.
A central point of contention was a major investigation into investment funds. Opposition deputies raised concerns regarding a massive loss in Borsa Istanbul and shrinkage in money market funds. İYİ Party leader Müsavat Dervişoğlu and CHP's Faik Öztrak criticized the government's oversight, with Dervişoğlu alleging that 173 billion dollars in value was lost in the stock market over a two-month period.
Minister of Treasury and Finance Mehmet Şimşek presented the budget, projecting economic growth of 3.3 percent for 2026. Regarding the fund crisis, Şimşek reported that 130.2 billion lira has been paid out across 108 funds to 420,301 unique individuals. The commission meetings experienced significant tension, including verbal disputes between deputies that led to temporary breaks and Minister Şimşek briefly leaving the hall.
Entities
AK Parti · AK Party · Borsa İstanbul · Capital Markets Board · Ekrem İmamoğlu · Istanbul · Mehmet Şimşek · Müsavat Dervişoğlu · TBMM · Turkey · Yeni Parti · Özgür Özel
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] Müsavat Dervişoğlu alleged that 173 billion dollars in value was lost in the stock market over a two-month period. sonsoz.com.tr · www.trabzonhabermerkezi.com · www.akishaber.com.tr · www.yorumla.net
- [● 4 SOURCES] The TBMM Plan and Budget Commission met to discuss the 2027 Budget Law Proposal and the 2025 Final Account Law Proposal. www.gazetearena.com · www.haber16.com · www.mersinhaber.com
- [● 2 SOURCES] A total of 130.2 billion lira has been paid out across 108 funds to 420,301 unique individuals. www.mersinhaber.com
- [● 2 SOURCES] Minister Mehmet Şimşek left the commission hall following a verbal dispute between deputies. mansethaber.com
- [● 2 SOURCES] Minister Mehmet Şimşek projected economic growth for 2026 to be 3.3 percent. www.haber16.com · www.mersinhaber.com
- [○ 1 SOURCE] İYİ Party submitted a parliamentary inquiry to investigate the 4.5 trillion lira loss in Borsa Istanbul and the 460 billion lira shrinkage in money market funds. www.kentgazetesi.com