Post a Comment Print Share on Facebook
Featured turk Covid-19 job prospects Schoolchildren across Enfield recycling Dr Muhiddin Ozkor
banner9

reads.

Turkey's budget deficit at $2.4 billion in March

ANKARA(AVRUPA TIMES)-Turkey’s government ran a 6.6 billion Turkish lira ($2.4 billion) budget deficit in March, the country’s Finance Minister said on Friday. The deficit was 200 million liras lower compared to a 6.8-billion lira deficit in March last year, Naci Agbal said. Government revenue in March stood at 46.8 billion Turkish liras ($16.4 billion) – an 11.4 percent increase year-on-year. Budget expenditure was 40.3 billion Turkish liras ($14 billion), up 22.3 percent from a year earlier.

 

“The budget performance in the first three months clearly indicates the government’s determination to maintain fiscal discipline,” Agbal said.

 

The central government budget shows a surplus of 46 million Turkish liras ($16 million) in the first three months of the year.

 

According to the ministry, the Turkish government’s budget revenue reached 131.7 billion Turkish liras ($45.9 billion) in the first three months of the year, which was a 16.4 percent increase compared with the same period last year.

 

Tax revenue also increased by 12.7 percent within the period to 108.5 billion liras ($38 billion). Budget expenditure between January-March rose to 131.7 billion Turkish liras ($46 billion), marking an 11 percent increase year-on-year.

 

Interest expenses stood at 16.5 billion liras ($5.76 billion) in that period, a decrease of nine percent.

 

In 2016, the Turkish Finance Ministry estimated that budget expenses for the fiscal year would reach 570.5 billion Turkish liras ($198 billion), while budget income would reach 540.8 billion ($187.5 billion), resulting in a budget deficit of 29.7 billion Turkish liras ($8.6 billion).

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.