Turkey budget deficit drops by 88.3 pc in Nov

Central management budget deficit of Turkey dropped by 88.3 percent in November 2010 compared to the same month of 2009.

Turkey budget deficit drops by 88.3 pc in Nov

Central management budget deficit of Turkey dropped by 88.3 percent in November 2010 and decreased by 49.3 percent year-on-year between January and November 2010.

Turkish ministry of finance released November and January-November budget figures on Wednesday.

The ministry said that the budget deficit decreased by 88.3 percent to 365 million Turkish lira year-on-year in November 2010.

It said that budget expenditures amounted to 25.7 billion TL and budget incomes totalled 25.3 billion TL in November.

Between January and November 2010, budget expenses were 255.7 billion TL while budget incomes became 232.2 billion TL. The budget deficit was 23.4 billion TL in the same period.

Primary surplus rose by 295.8 percent to 22.9 billion TL. (One USD equals 1.51 TL)


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Last Mod: 15 Aralık 2010, 14:40
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