Turkish government on Tuesday announced a 25% increase in minimum retirement pensions – currently set at 10,000 liras (278 euros) – while also announcing measures to triple the fee Turkish citizens pay to travel abroad.
As reported from Ankara by the AKP party‘s parliamentary group chairman Abdullah Güler, quoted by Turkish media, minimum pensions will rise from the current 10,000 liras (278 euros) to 12,500 liras (347 euros), confirming a decision that millions of Turkish pensioners have been waiting for. The move is part of a tax reform proposal submitted on Tuesday to the Turkish parliament, where Erdoğan’s AKP party and its allies have a sufficient majority.
The change in minimum pensions will affect some 3.7 million of Turkey’s 16.18 million pensioners, and will cost the public budget some 33.2 billion liras (922 million euros) over the rest of the year, Güler said. He also confirmed that, as part of the new measures, the tax paid by Turkish citizens for travelling outside the country will rise from the current 150 liras (4.2 euros) to 500 liras (14 euros). The tax reform also includes a proposal to apply a minimum corporate tax of 15% to foreign multinationals in Turkey.
The Turkish government has raised minimum pensions several times since 2023, from 3,500 to 7,500 liras last year; in January, the lowest pension in Turkey was increased again to 10,000 liras to match the increase in the CPI.
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Pablo Gómez is a specialist in Turkey and has been editor-in-chief of Hispanatolia since 2011. He has been analysing current affairs and geopolitics in Turkey and the surrounding region since 2006.
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