BUT A PROBLEM

Dünya Executive - - OVERVIEW -

►The 12-month total budget deficit increased by 97.31 percent as of April 2019 to TRY 104 billion.

►The four-month budget deficit is TRY 54.48 billion.

►The 12-month total primary budget balance gave a TRY 7.38 billion surplus in April last year. This year, there is a TRY 19.9 billion deficit. According to the 2019 budget target, the primary budget balance should be a TRY 36.7 billion surplus.

►The 12-month total interest expense increased by 44.93 percent, exceeding TRY 87 billion.

►The 20.63 percent increase in budget revenues matches inflation but falls short of the 26.26 percent increase in costs.

►Thanks to the fact that the profit of the Central Bank transferre­d to the Treasury was much more than last year, the treasury portfolio and participat­ion revenues increased by 190 percent from TRY 14.1 billion to TRY 40.9 billion. One-fifth of the total increase in budget revenues comes from here. However, VAT and SCT revenues from domestic economic activities decreased by 6.2 percent

►•ne of the major factors that disrupts the balance of public finance is the burden of financing the 59 percent increase in the social security deficit in the budget.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.