Turkey’s budget post $953 mln surplus in January
The budget expenditures stood at nearly 92 billion liras ($17.2 billion) last month, marking a 62.5 percent annual rise.
Excluding the interest payments, the budget balance saw a surplus of 12.4 billion liras (around $2.3 billion) in January, while the interest expenditures were around 7.3 billion liras ($1.36 billion).
The government’s tax incomes reached 55.7 billion liras ($10.4 billion) last month, indicating a rise of a 7.1 percent on a yearly basis.
In 2018, Turkey’s central government budget balance showed a deficit of 72.6 billion liras ($14.8 billion).
The government achieved the target of a 1.9 percent budget-deficit-to-gross-domestic-product ratio in 2018 under the new economic program announced in September 2018.