Budget deficit rose to 19.5 billion liras in March

Dunya Executive - - OVERVIEW -

The Turkish government ran a budget deficit of 19.5 billion Turkish liras ($5.32 billion) in March, and 14.9 billion liras ($3.7 billion) in the first quarter, according to the finance minister on Monday. “Turkish government revenues in the first three months stood at 144.7 billion Turkish liras ($39.5 billion), marking a 9.9 percent rise year-on-year, while budget expenditures were 159.7 billion Turkish liras ($43.6 billion), an increase of 21.3 percent compared with the same period last year,” Naci Agbal said. The government is aiming for a budget deficit of 46.8 billion Turkish liras (nearly $12.8 billion) at the end of the year, according to the Finance Ministry.

Newspapers in Turkish

Newspapers from Turkey

© PressReader. All rights reserved.