The central government budget balance posted a TRY 192.24bn deficit in 2021, up by 9.7% year-on-year, according to the Ministry of Treasury and Finance.
Excluding interest payments, the budget balance saw a deficit of TRY 11.39bn last year.
Budget revenues rose by 36.8% to TRY 1.4tr, and budget expenditures increased by 32.9% to TRY 1.59tr in 2021, as compared to 2020.
Budget expenditures jump 100.9% in December
The central government’s budget balance posted a TRY 145.7bn deficit in December 2021.
Budget revenues climbed by 40% to TRY 135.07bn, and the budget expenditures jumped 100.9% to TRY 280.81bn in December, compared to the same month of the previous year.