Debt to the workers' reserve fund.
The leader of the Labor Party, Zeki Çeler, stated on September 23 during the “Morning News” program on Kıbrıs Postası TV that the Ministry of Finance in Northern Cyprus owes approximately 17–20 billion Turkish lira to the workers' reserve fund.
Çeler described the reserve fund as a "workers' bank," where employees' savings accumulate, which the state previously used to cover budget deficits but has not returned the funds.
He highlighted the risk of transferring the fund under the control of the Ministry of Finance or other departments and the potential loss of its autonomous status. According to Çeler, this would put workers' savings at risk, and society would not allow such a step.
The politician also addressed the issue of access to medical services: despite paying contributions, citizens often do not receive the promised services, which he links to the malfunctioning structure of health and social protection funds.
Additionally, Çeler drew attention to the illegal recruitment of workers from third countries, the growth of informal employment, and practices in which people take loans of 5–12 thousand euros from agencies, only to end up without work and legal status. According to him, such practices contribute to increased violations and pose a threat to security in Northern Cyprus.
You may also be interested in:
- Fire safety and first aid training held at Les Ambassadeurs Hotel
- The price of a liter of water in Northern Cyprus has exceeded the cost of milk
- The Meteorological Service of Northern Cyprus has issued a warning about increased air pollution
- The Society of Northern Cyprus called for the opening of Ercan to international flights
- Permits for foreigners to purchase real estate in Northern Cyprus continue to grow

