According to a study by the International Monetary Fund (IMF) on countries’ spending on combating the epidemic, Turkey has become one of the lowest spending countries in terms of gross domestic product (GDP).
The IMF’s “Financial Measures to Combat Covid-19” report shows how much countries spent on the epidemic from January 2020 to 2021, compared to GDP. According to the data, Turkey has so far spent an additional 1.9 percent of GDP, reducing treasury revenues through applications such as tax breaks.
Euronews as quoted by; People’s Republic of China, Macao Special Administrative Region, at the top of the list with 27.4 percent, followed by the United States with 25.5 percent.
Countries that account for more than 10 percent of GDP to fight the epidemic are the United States, Macau, the United Kingdom, Japan, Austria, Greece, Hong Kong, New Zealand, Singapore, Mauritius, the Federated States of Micronesia, Tuvalu, Kiribati, Lesotho, East Timor, Israel , Canada and Australia make up Germany.
Countries that spend less than 2.5 percent of GDP include Turkey, Mexico, Saudi Arabia, Albania, Algeria, Armenia, Azerbaijan, Belarus, Belize, Botswana, Brunei, Romania and Qatar.
Globally, the figure of 9.2 percent, was generally recorded as 3.8 percent in the European Union.
The report stressed that it would not be appropriate to compare the rankings, given that each country has different needs and levels of exposure to the epidemic.
Additional costs and revenue cuts in Turkey
In Turkey, the additional cost of medicines, vaccines and medical supplies 4.3 billion TL, hospital needs and protective equipment 1.3 billion TL, health workers premiums were 9.6 billion TL.
According to the report, financial assistance and pensions increased by 7.5 billion TL, unemployment benefits by 5.1 billion TL, short-term benefits by 27.7 billion TL and employer support by 8.3 billion TL.
The data does not include costs due to the 3-week restrictions that will begin on April 29 in Turkey.