Money

Turkiye’s budget balance sees $1.4B deficit in January-April

Excluding interest payments, budget balance posts surplus of $6B

The Turkish central government’s budget balance posted a deficit of 19.36 billion Turkish liras ($1.37 billion) year-on-year in the January-April period, the Treasury and Finance Ministry announced on Monday.

Turkiye’s budget revenues surged by 75% year-on-year to 766.64 billion liras ($54.3 billion) over the same period.

Its expenditures reached nearly 786 billion liras ($55.66 billion) in the first four months, rising 81.9% from a year ago.

Excluding interest payments, the budget balance saw a surplus of 84.6 billion liras ($5.99 billion) in the-four-month period.

Tax revenues totaled 591.44 billion liras ($41.9 billion),while interest payments were 103.97 billion liras ($7.36 billion) in the same period.

One US dollar traded for 14.12 liras on average in the first four months and 14.72 in April.

Monthly figures

In April alone, the budget balance of the central government registered a deficit of 50.16 billion Turkish liras ($3.4 billion), growing 196% on a yearly basis.

Budget revenues were 164.11 billion liras ($11.15 billion) last month, rising 75% year-on-year.

Turkiye’s budget expenditures almost doubled from a year ago to 214.28 billion liras ($14.56 billion) last month.

Excluding interest payments, the central government budget balance recorded a deficit of 31 billion liras ($2.11 billion) in April.

Source
aa

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