Erdogan Sees $32 Billion Energy Subsidies in 2023 Election Year
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Turkish President Recep Tayyip Erdogan’s 2023 draft budget provides for a dramatic increase in energy subsidies, which would enable him to keep prices subdued and bolster his prospects in next year’s elections.
The Turkish government is subsidizing 80% of natural gas and 50% of electricity used by households and “the burden of energy subsidies on the 2023 budget is seen at 600 billion liras ($32 billion),” Vice President Fuat Oktay said on Monday.