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Turkish Parliament gets 2021 budget motion

by Anadolu Agency

ANKARA Oct 18, 2020 - 3:41 pm GMT+3
A money changer counts Turkish lira bills at an currency exchange office in central Istanbul, Turkey, August 21, 2015. (Reuters Photo)
A money changer counts Turkish lira bills at an currency exchange office in central Istanbul, Turkey, August 21, 2015. (Reuters Photo)
by Anadolu Agency Oct 18, 2020 3:41 pm

The Turkish Presidency submitted the 2021 budget motion to Parliament on Sunday.

In the upcoming budget, the government has allocated nearly TL 211.4 billion ($26.5 billion) for education.

Total budget expenditures were projected at TL 1.346 trillion with non-interest expenses at TL 1.166 trillion.

Budget revenues were projected at TL 1.101 billion and tax revenues at TL 922.7 billion. The budget deficit for the next year was predicted at TL 245 billion.

The budget will first go to Parliament's Planning and Budgetary Commission before it is debated in December in the general assembly.

The budget for 2021 will be the 19th budget of the ruling Justice and Development Party (AK Party) government and the second under the new presidential system.

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  • Last Update: Oct 19, 2020 12:36 pm
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