As a long standing proponent of changing Turkey's parliamentary system of government into an executive presidency, Erdoğan formed an alliance with the right-wing Nationalist Movement Party (MHP) to establish an executive presidency in 2017, where the changes were accepted in a constitutional referendum. The new system of government formally came into place after the 2018 general election, where Erdoğan and the new AKP-MHP People's Alliance was re-elected. He has since been tackling, but also accused of contributing to, the Turkish currency and debt crisis of 2018.