The central government’s budget balance posted a TRY 69.7bn surplus in February, according to the Ministry of Treasury and Finance. February’s reading was three-fold compared to the same month of last year, the data showed. Turkey’s budget revenues more than doubled, up 126% year-on-year to TRY 270.6bn this February. The budget expenditures reached TRY 200.8bn...
Tag: budget balance
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Central government budget posts TRY 192.2bn deficit in 2021
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...