Turkey's central government budget balance posted a deficit of $15.3 billion in the first nine months of 2019, official figures indicated Tuesday.
The country's budget revenues rose 19.5% to hit TL 653.8 billion year-on-year in the January-September period, the Treasury and Finance Ministry announced.
Turkey's budget expenses were TL 739.6 billion in the nine-month period, up 22.5% versus the same period of 2018.
Excluding interest payments, the budget balance also saw a deficit of TL 4.3 billion in the same period, while the interest expenditures were TL 81.5 billion.
The government's tax incomes soared 5.6% to TL 485.3 billion over the same period.
The U.S. dollar/Turkish lira exchange rate averaged at 5.63 in the first nine months of this year.
Last year, Turkey's central government budget balance showed a deficit of TL 72.6 billion, meeting a year-end target under the country's new economic program announced in September 2018.
The government achieved the target of a 1.9% budget deficit-to-gross domestic product (GDP) ratio in 2018 under the program. The government's year-end budget balance target is minus TL 80.6 billion with TL 880.4 billion revenue and TL 960.97 billion in expenses.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.
