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Turkey sees nearly $2.2 billion budget surplus in November

by Anadolu Agency

ANKARA Dec 15, 2017 - 12:00 am GMT+3
Turkish lira banknotes are seen in this picture illustration taken in Istanbul, Turkey, Oct. 18, 2011. (Reuters Photo)
Turkish lira banknotes are seen in this picture illustration taken in Istanbul, Turkey, Oct. 18, 2011. (Reuters Photo)
by Anadolu Agency Dec 15, 2017 12:00 am

The Turkish government ran a budget surplus of 8.5 billion Turkish liras ($2.2 billion) this November, but a 26.5 billion ($6.58 billion) deficit in the first 11 months of 2017, the Finance Ministry announced Friday.

According to the ministry, tax revenues rose 16.7 percent during the first 11 months to 489.3 billion liras ($126.5 billion).

In November, budget revenues reached 65.2 billion liras ($16.8 billion), a 7 percent rise over the same period last year, while budget expenditures climbed 11.8 percent to 56.7 billion liras ($14.6 billion).


The government is aiming for a budget deficit of 46.8 billion liras (nearly $12.8 billion) at the end of the year, according to the ministry.

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