Budget balance posts USD 772m surplus in January-April

The central government’s budget balance saw a TRY 5.9bn (USD 772m) surplus in January-April, the Treasury and Finance Ministry announced on Monday.

The figure improved from a TRY 72.8bn (some USD 11.6bn) deficit in the same period last year.

The country’s budget revenues increased 36.4% year-on-year to TRY 437.9bn (USD 57.7bn) in the first four months of 2021.

The budget expenditures totaled at TRY 432bn (USD 56.9bn from January to April, up 9.7% from a year ago.

The budget balance excluding interest payments posted a surplus of TRY 73.4bn (USD 9.7bn) in January-April.

Tax revenues totaled TRY 331.4bn (USD 43.7bn), while interest payments were TRY 67.5bn (USD 8.9bn) in the same period.

Monthly figure

In April, the budget balance of the central government registered a deficit of TRY 16.9bn (USD 2.1bn), down from TRY 43.2bn (USD 6.3bn) in the same month of last year.

The budget revenues was TRY 93.8bn (USD 11.5bn) last month, jumping 44% on a yearly basis.

The budget expenditures increased 2.1% from last April to TRY 110.7bn (USD 13.6bn) this April.

Excluding interest payments, the central government budget balance registered a TRY 1.7m (USD 204m) surplus in April 2021.

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