The state is swallowing funds

The state is swallowing funds
The government has, under two new decrees, further expanded the Turkish Wealth Fund that has been affiliated to the Prime Ministry and has been exempted from Council of State scrutiny. The Treasury shares in the capital of Ziraat Bank, BOTAŞ, Post Office, Türkiye Petrolleri, Istanbul Stock Exchange and TÜRKSAT and a 6.68% stake in Turkish Telecom were transferred to the fund along with Eti Maden and Çaykur.
A repayable fund of 3 billion Turkish lira has been created from the Defence Industry Support Fund by transferring land in excess of two million square metres in seven provinces including Istanbul. With Kanal Istanbul asserting that the AKP has no finance problems once the transferred shares have been ‘sold’, funds will be created for projects such as Istanbul’s third airport.
Big sales on the way
Turkey’s best established bank, Ziraat Bank, a heritage of the Ottoman Empire whose grandchildren certain parties boast of being, is now the property of the wealth fund. To enable repayment of the 3 billion Turkish lira that has been transferred to the fund for three months, we can assume that big sales will be conducted up until May.