Turkey spent $92 billion on social protection in 2018

Uncategorized Faizah Kamal 12-Dec-2019

Turkey spent 442.6 billion Turkish Liras (approximately $92 billion) on social protection in 2018, the Turkish Statistical Institute (TÜİK) said on Dec. 12.

“Payments for social protection benefits constituted 98.5 percent of the overall expenditure on social protection,” TÜİK said, in a statement on its website.

“The largest expenditure on social protection benefits was the old age function with 214.1 billion liras [$44.4 billion], followed by those related to the sickness/health care function with 121.4 liras [$21.1 billion],” it added.

Expenditure on social protection accounted for 11.9 percent of gross domestic products (GDP) in 2018. Expenditure on social protection benefits was recorded as 11.7 percent of the GDP.