Cevdet Yılmaz's statement on stock exchange transaction tax

Vice President Cevdet Yılmaz said, "There is a debate about whether a small fee will be 1-2 in 10 thousand on stock exchange transactions." Yılmaz stated that no tax will be collected on stock exchange earnings. Yılmaz said that KKM also did its job and that they are now stepping out of there step by step. Vice President Cevdet Yılmaz made statements regarding the latest situation in KKMs regarding the stock exchange transaction tax. Stating that no tax will be collected on stock exchange earnings, Yılmaz said, "There is a debate about whether only 1-2 in 10 thousand will be collected as a transaction fee." Stating that the tax regulations to be made do not include a proposal that will increase inflation but will reduce informality, Yılmaz said, "We see a lot of speculative things on social media. Rumors should not be trusted before the authorities are announced. There is a debate about collecting a small amount on stock exchange transactions. There is no tax on stock exchange earnings. There is a debate about whether only 1 in 10 thousand will be collected as a transaction fee." Answering questions on NTV, Yılmaz stated that the KKM was already a temporary regulation from the very beginning and said, "It has done its duty, now we are getting out of there step by step." Stating that there was a significant budget and current deficit due to the effects of the earthquake, Yılmaz said, "We closed the year with 5.2 at the end of the year. When we subtract the earthquake expenditures from this, we closed with a budget deficit of 1.6. We foresee 6.4 for this year." "Inflation will drop to 38 percent by the end of the year" Yılmaz also made the following assessment regarding inflation, "We took strengthening steps on the ground during the transition period in the fight against inflation. We said the decline would start after May. The decline process will continue in July-August-September. Inflation will reach the level of 38 percent by the end of the year. We made our program in a way that it will drop below 10 percent in 2026. We will reach single-digit figures in 2026." Yilmaz, who stated that a 4 percent growth is expected at the end of the year at the OVP level, said, "Our need for foreign exchange has also decreased. A speculative atmosphere was created before the election. Indeed, after the election, there was an increase of over 60 billion dollars in the Central Bank's reserves. There is a very strong recovery in the market."