The central government’s gross debt stock totaled TRY 2.95tr (about USD 209bn) as of the end of February, according to the Ministry of Treasury and Finance. The figure soared 58.5% from the same period last year. It includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households. Some 33.4% of...
Tag: central government
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Budget balance posts TRY 69.7bn surplus
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...