Türkiye's central government budget posted a deficit of TL 298.2 billion ($6.44 billion) in May, official data showed on Monday.
Budget revenues fell 18% year-over-year to almost TL 1.1 trillion, while expenditures rose 27% to nearly TL 1.4 trillion, according to the Treasury and Finance Ministry.
The primary balance, which excludes interest payments, posted a deficit of TL 169.3 billion in May, compared with a surplus of TL 346.4 billion in the same month last year.
Interest expenditures increased 16% from a year earlier to TL 128.9 billion, while non-interest expenditures rose 28.3% to TL 1.25 trillion.
Tax revenues declined 22.1% in May from a year earlier to TL 931.5 billion.
In the January-May period, the budget deficit stood at nearly TL 1.1 trillion.
Budget revenues rose 33.9% year-over-year to TL 6.28 trillion in the first five months of the year, while expenditures increased 37.4% to TL 7.34 trillion.
Tax revenues rose 32.4% year-over-year to TL 5.3 trillion during the period.
Interest expenditures jumped 51.1% to almost TL 1.3 trillion, while non-interest expenditures increased 34.8% to TL 6.1 trillion.
