Turkish President Recep Tayyip Erdogan and Prime Minister Binali Yildirim greet their supporters during a meeting of the ruling AK Party in Istanbul, Turkey April 29, 2018. Kayhan Ozer/Presidential Palace/Handout via Reuters
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Turkey will roll out a debt restructuring and social reforms package costing nearly $6 billion, Prime Minister Binali Yildirim said Monday, weeks before snap elections slated for June 24 . Yildirim said the measures would cost the government between 22 billion and 24 billion liras ($5.4 billion to $5.9 billion), but would be more than offset by revenues from plans to register millions of unlicensed properties.Turkey's ruling AK Party, led by President Recep Tayyip Erdogan, has often rolled out incentives ahead of elections in its 16-year rule. The government will also take steps toward registering the nearly 13 million buildings without deeds in Turkey, Yildirim said, adding that a "structure registration document" would be implemented.
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