Turkey’s budget records $1.4B surplus in November
Turkey’s central government budget balance posted a surplus of TRY 7.57 b ll on ($1.4 b ll on) n November, the Treasury and F nance M n stry announced on December 17. The country’s budget revenues totaled TRY 81.9 b ll on ($15.3 b ll on), r s ng 25.6 percent yearon-year, the m n stry sa d n a monthly report. Dur ng the same per od, budget expend tures saw an annual h ke of 31.1 percent to reach TRY 74.3 b ll on ($13.9 b ll on), data showed. The budget balance, exclud ng nterest payments, saw a surplus of TRY 14.8 b ll on (some
$2.8 b ll on) n November. From January to November, the budget posted a def c t of
TRY 54.5 b ll on ($11.2 b ll on). The country’s budget revenues reached TRY 690.8 b ll on ($142.1 b ll on) n the f rst 11 months of th s year, a r se of 20.2 percent annually. Budget expend tures were TRY 745.4 b ll on ($153.3 b ll on), ncreas ng 24 percent n the same per od. Tax ncomes went up 17.7 percent to TRY 575.8 b ll on ($118.5 b ll on).