Turkey’s budget posts $5.3 billion deficit in Q1
The Turk sh government’s budget balance saw a def c t of TRY 20.4 b ll on ($5.34 b ll on) n the f rst quarter of 2018, the F nance
M n stry announced on Apr l 16. Accord ng to an off c al statement, Turkey’s budget revenues th s January to March totaled TRY 167.4 b ll on ($43.8 b ll on), up 15.7 percent compared to the same per od last year. Over the same t me, budget expenses stood at
TRY 187.9 b ll on ($49.2 b ll on), cl mb ng
17.7 percent annually. Exclud ng nterest payments, the central government budget balance saw a surplus of nearly $500 m ll on n the f rst quarter of th s year.