As can be seen in other examples around the world, guarantee institutions are supported by states since the services they provide are for the public good. Hence, KGF is exempt from stamp duty, corporate tax, and certain other fees and charges. Furthermore, to fend off the negative impact on the SMEs of the 2008 global economic crisis, funds amounting to 1 billion TL have been provided by the Undersecretariat of Treasury for KGF by Council of Ministers Decree no. 2009/15197, which constitutes significant state support. Said funds were increased to 2 billion TL by the “Law on Amendments to Certain Laws and Decrees” dated 27.03.2015 and no. 6637. Council of Ministers Decree no. 2016/9538 set out that the amount committed to KGF would remain 2 billion TL and the guarantee amount that can be provided by KGF was increased to 20 billion TL. With the “Decree on Amendments to Treasury Contribution to Credit Guarantee Institutions”, the amount of support committed by the Treasury was increased to 25 billion TL, and the guarantee amount that can be provided by KGF was brought up to 250 billion TL.
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