Politics · Turkey · 7 hrs ago
Turkey says unemployment insurance fund cannot be used elsewhere
Labour and Social Security Minister Vedat Işıkhan addressed questions about Turkey’s unemployment fund at a parliamentary budget committee.
He said the Unemployment Insurance Fund has no connection to funds being liquidated.
The fund’s resources are held at Takasbank, as set out in the relevant regulation.
Işıkhan said the law bars using the money for other purposes.
He also said the fund cannot be used for speculative transactions.
The fund’s rules govern how its resources are managed.
The minister did not announce any changes to those rules or further steps.
Turkey’s labour and social security minister said unemployment insurance fund resources cannot legally be used for other purposes.
Vedat Işıkhan said the fund has no connection to funds that have been liquidated.
He said the resources are held at Takasbank as specified in the relevant regulation.
Işıkhan also said the resources cannot be used for speculative transactions.
- Who
- Labour and Social Security Minister Vedat Işıkhan.
- What
- He said unemployment insurance fund resources cannot legally be used elsewhere or for speculative transactions.
- When
- November 3, 2026.
- Where
- At the Turkish Parliament’s Plan and Budget Committee.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Minister
- Vedat Işıkhan
- Fund
- Unemployment Insurance Fund
- Custodian
- Takasbank
- Committee
- Turkish Parliament’s Plan and Budget Committee
1 source
What people are saying
It is not legally possible to use these resources in other areas.
It is not legally possible to use the fund’s resources in other areas or in speculative transactions.