The cost of a recently announced reform aimed at increasing Turkey's birth rate will cost approximately $400 million, Finance Minister Mehmet Şimşek said yesterday. Last Thursday, Prime Minister Ahmet Davutoğlu announced new incentives for working women. For instance, new mothers will be paid TL 300 ($130) for the first child, TL 400 for the second child and TL 600 for the third one, after labor, according to new regulation. In a television interview, Şimşek said that one of most vital problems ahead of Turkey was the aging population. "Turkey's population will age at a fast pace if we do not take measures. I think this reform is meaningful and the cost of $404 million is very small in budget." Şimşek said. The finance minister further noted that the Program on Protection of Family and Dynamic Population Structure is part of a much larger reform program consisting of 1,300 reforms. All costs and possible affects related to the regulations have been calculated in advance, he added. "Our budget is very strong at the moment," said Şimşek.
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