Electricity and fuel tariffs as well as train and bus fares are to increase by 15% from April 1st next year, sources from the Finance Ministry say.

These increases will be done in accordance with the 2023 Budget proposals.

However, the budget also states that a separate decision is expected to be made regarding the goods and services that can be exempted from VAT by conducting a tax review before that.

Simultaneously, a new VAT Act is also to be introduced.