Türkiye's budget balance sees $1.8B deficit in June

Türkiye's budget balance sees $1.8B deficit in June

Central government's budget balance sees deficit last month, with $10.3B revenue, $12.1B expenditures

By Aysu Bicer

ANKARA (AA) - The Turkish central government budget balance saw a deficit of 31.6 billion Turkish liras ($1.8 billion) in June, the Treasury and Finance Ministry said on Monday.

The country's budget revenues rose 104.9% to hit 181.2 billion liras ($10.3 billion) in the month, while budget expenditures went up 87.1% to 212.8 billion liras ($12.1 billion), the official data showed.

Non-interest expenditures amounted to 199.3 billion liras ($11.3 billion), marking a 91.7% year-on-year.

Interest payments, on the other hand, were almost 12.7 billion liras ($11.4 billion), up 35.6% during the same month.

The government's tax revenue increased by 108.4% to $152.6 billion last month compared to the same month last year.​​​​​​​

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