Serdar Denktaş: “Public Finances Have Collapsed, the Country Is in a Debt Spiral”

TAM Party leader Serdar Denktaş sharply criticised the authorities’ economic policy, saying that the country’s public finances are in a deep crisis and that the economy is rapidly falling into debt dependence.

Speaking on a TV2020 programme, Denktaş noted that the government is trying to keep the financial system afloat by continuously increasing taxes, fees and prices. According to him, this model does not solve the problem but only makes it worse. “Repaying debt through new debt means a constant increase in debt,” the politician stressed, adding that such an approach locks in a debt spiral and increases the burden on citizens.

He also stated that the rising cost of living is directly linked to the current fiscal policy, while businesses are facing additional pressure because of unpredictable tax decisions. In Denktaş’s view, this is leading to capital outflow and a decline in trust in the economy.

The politician proposed changing the economic model, making it more focused on lowering costs and developing a “volume economy” through reduced tax pressure. He also pointed to the price gap between the northern and southern parts of the island, saying that the high cost of the northern economy is accelerating the outflow of funds.

Separately, Denktaş sharply criticised the current system of governance, saying that the issue is not only inefficiency but also deliberately created lucrative schemes for certain groups.

Despite the criticism, the TAM leader emphasised his party’s political ambitions, saying it intends to enter parliament. He said the team is working on concrete projects, including an initiative to lower meat prices, and is in dialogue with representatives of the sector.

Denktaş also presented his vision of “new generation politics,” based on dialogue and mediation between the state and society. According to him, the country is tired of political polarisation, and future changes should rely on the experience and participation of young people, whom the party pays special attention to.