Turkey's budget deficit down by 51.7 pc in January-May

Turkey's budget deficit dropped 51.7 percent in January-May period of 2010.

Turkey's budget deficit down by 51.7 pc in January-May

Turkey's budget deficit dropped 51.7 percent in January-May period of 2010.

Finance Ministry stated on Tuesday that the budget expenses decreased 2.1 percent to 19.054 billion Turkish lira (TL) in May, 2010 when compared to May, 2009. Also, budget income increased 31.9 percent to 24.8 billion TL.

Budget deficit was 610,000,000 TL in May, 2009, and budget surplus is 5.8 billion TL in May, 2010.

Tax income increased 28 percent in May, 2010 when compared to May, 2009.

Primary surplus rose 82.1 percent to 7.9 billion TL in May, 2010.

Interest expenses, which were 4.9 billion TL in May, 2009, dropped 56.6 percent to 2.1 billion TL in May, 2010.

Health expenses from central administration budget were 516 million TL in May, 2009, and it dropped 14.3 percent to 442,000,000 TL in May, 2010.

Budget expenses increased 5.3 percent to 112.6 billion TL in Jan-May period of 2010.

In Jan-May period of 2010, 24.2 billion TL of interest was paid from budget. It dropped 7.3 percent when compared to the same period of 2009.

First five months' income in budget increased 19 percent to 102.6 billion TL in 2010 when compared to the same period of 2009.

Tax income rose 25 percent to 82.7 billion TL in the first five months of 2010 when compared to the same period of 2009. (1 USD = 1.58 TL)


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Last Mod: 15 Haziran 2010, 14:36
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