Cen­tral govern­ment bud­get runs $12B gap in Jan-Aug

Dünya Executive - - OVERVIEW -

The Turk­ish cen­tral govern­ment bud­get bal­ance ran a deficit of TRY 68.1 bil­lion ($12 bil­lion) in the Jan­uary-Au­gust pe­riod, the Trea­sury and Fi­nance Min­istry re­ported Septem­ber 16. The coun­try’s bud­get rev­enues surged 21.6 per­cent year-on-year to TRY 590.7 bil­lion ($105 bil­lion) in the first eight months of this year. Bud­get ex­pen­di­tures also saw an in­crease of 22.8 per­cent to TRY 658.8 bil­lion ($117 bil­lion) dur­ing the same pe­riod. Ex­clud­ing in­ter­est pay­ments, the bud­get bal­ance posted a sur­plus of TRY 1.2 bil­lion ($213 mil­lion) from Jan­uary to Au­gust. The cen­tral govern­ment’s tax rev­enues amounted to TRY 432.7 bil­lion ($76.8 bil­lion) while in­ter­est pay­ments amounted to some TRY 69.3 bil­lion ($12.3 bil­lion) in the same pe­riod.

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