Vice President Yılmaz: Not a single lira from the budget was used for fund payments
Original headlineCumhurbaşkanı Yardımcısı Yılmaz: Fon ödemeleri için bütçeden tek bir lira kullanılmadı
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Turkish Deputy President Cevdet Yılmaz said interim payments have been made to 444,987 investors in the fund wind-ups, with no public budget funds used for the payouts. Voluntary returns in the process have reached 33.4 billion Turkish lira, he said. The disclosure signals that the resolution of the collapsed funds is being financed through recovered assets rather than the state budget, limiting the fiscal cost to the Treasury. Investors and markets will watch next for the pace of remaining repayments and the final tally of recovered versus outstanding amounts.
Muhabbit's AI wrote this summary in its own words from Ekonomim's report and translated it from Turkish. It can get details wrong, so check the source.
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Cevdet Yılmaz, Turkey