turkey-posts-$2.2b-budget-balance-surplus-in-q1

The budget balance of the Turkish central govt saw a surplus of TL 30.8 billion ($2.2 billion) within the principle quarter, per recordsdata from the Treasury and Finance Ministry on Friday.

The surplus increased by around 50% compared with the the same duration closing year.

Turkey’s budget revenues jumped by 75% year-on-year to TL 602.5 billion closing quarter.

The budget expenditures reached TL 571.7 billion within the three-month duration, additionally hovering 78% year-on-year.

Rather than passion payments, the budget balance saw a surplus of TL 115.65 billion closing quarter.

Tax revenues reached TL 455.1 billion and fervour payments were TL 84.8 billion within the the same duration.

The long-established U.S. greenback/Turkish lira exchange price within the principle quarter used to be around 13.95, while $1 traded for TL 14.59 on common in March.

In March, the budget balance saw a deficit of TL 68.9 billion versus a surplus of TL 23.7 billion within the the same month of closing year.

The long-established U.S. greenback/Turkish lira exchange price in March 2021 used to be 7.64.

Budget revenues totaled TL 155.9 billion within the principle two months of this year, while expenditures stood at TL 224.9 billion.

The budget balance, excluding passion payments, saw a deficit of TL 42 billion in March.

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