Politics · Turkey · 1 hr ago

Turkish lawmakers to consider fund repayment bill and 2027 budget

Turkish lawmakers to consider fund repayment bill and 2027 budget

Türkiye’s Parliament is due to discuss a bill on repaying investors affected by funds that are being liquidated.

The proposal, submitted by the ruling Justice and Development Party, sets rules for how claims will be paid and which payments take priority.

It covers about 455,000 investors and would adjust invested principal for inflation up to the date each fund was liquidated.

It also says fund founders and managers remain liable for transactions made while they held their roles, even if they have since left.

The Planning and Budget Commission is scheduled to take up the bill on Oct.

14, with discussions expected to last two days.

If the proposal passes as planned, interim payments of up to 1 million Turkish liras to investors are expected to be completed within October.

Parliament is also set to begin considering the 2027 central government budget, which is scheduled to be submitted on Oct.

16.

Sources

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