The TRNC has no money to buy fuel for kibtek - Minister

It has been stated that the TRNC has no money to purchase fuel for Kib-Tek.

Finance Minister, Sunat Atun made the admission in parliament on Monday.

According to report by Yeniduzen, the misister said Kib-Tek has a debt of two billion Turkish Lira.

The only reason for the lack of fuel is not the late arrival of the ship. The institution has no money to buy fuel. This wreck is ours”, he said.

Atun said that Kib-Tek’s financial losses have snowballed and created an avalanche after the recently increased electricity prices.

He also emphasised that the state has no more borrowing capacity.