Social protection expenses in Turkey reach $105 bln in 2017
ISTANBUL – Anadolu Agency
The social protection expenditures reached to 382.6 billion Turkish liras ($104.8 billion) in 2017, Turkey’s statistical authority announced on Dec. 26.
The social protection expenditures rose by 13.7 percent year-on-year in 2017, according to Turkish Statistical Institute’s (TÜİK) figures.
It noted 98.1 percent of all of the social protection expenditures were consisted of social protection benefits - 375.5 billion Turkish liras ($102.9 billion).
The biggest share from the social protection benefits was taken by old age group with 185.4 billion Turkish liras ($50.8 billion), followed by the sickness/health care function with 103.8 billion ($28.4 billion).
“The social protection benefits are the sum of the social benefits provided within the 8 risks/needs (sickness/health care, disability, old age, survivors, family/children, unemployment, housing, and social exclusion),” TÜİK said.
The social protection expenses were 12.3 percent of Turkey’s GDP, which was 3.1 trillion Turkish liras (nearly $850.7 billion), in 2017.
“Government contributions accounted for 38.1 percent of social protection receipts. Social contributions by employers’ represented 28.9 percent and protected people social contributions constituted 26.3 percent of social protection receipts,” TÜİK said.
In 2017, the country has 13.26 million people, who receive pensions - old age, survivors or disability person – these figures were 12.9 million in 2016.