Istanbul creates nearly 40 pct of Treasury revenues

ANKARA - Anatolia News Agency

The financial and economic center of Turkey, Istanbul, provided 39.56 per percent of Treasury revenues in the January-October period of this year.

Istanbul, which created 107.2 million Turkish Liras, is followed by the capital city of Ankara with 31.2 billion liras, providing 11.5 percent of total Treasury revenues. Kocaeli, the industrialized eastern neighbor of Istanbul, comes in third with 29.9 billion liras providing 11 percent of the total revenues. The western province of İzmir follows Kocaeli with nearly 28.1 billion liras or 10.3 percent.

The level of provincial revenues exceeded the amount of state investments in only 12 of the country’s 81 provinces.

Istanbul, which tops the productive 12–province list, only received about 12.6 billion liras worth of state investments against the huge 107 billion liras of revenues it created for the Treasury.

Other self-sufficient provinces followed as Ankara, Antalya, Bursa, Hatay, Mersin, İzmir, Kocaeli, Muğla, Tekirdağ, Zonguldak and Kırıkkale.

Istanbul, Ankara, Kocaeli and İzmir made up more than 72.4 percent of the total Treasury revenues from 81 provinces.

The highest deficit was recorded in the southeastern province of Hakkari, which only created 13.1 million liras against state investments that totaled 865.6 million liras in the first 10 months.