Turkey's budget deficit drops 24.9 pc year-on-year in 2010

Turkey ran a 39.600 billion Turkish Lira budget deficit in 2010.

Turkey's budget deficit drops 24.9 pc year-on-year in 2010

Turkey ran a 39.600 billion Turkish Lira budget deficit in 2010.

The 2010 Central Government Budget figures announced by Finance Minister Mehmet Simsek on Monday, revealed Turkey's budget deficit dropped 24.9% year-on-year in 2010.

The primary surplus in 2010 was 8.697 billion TL, 20 times higher than that of 2009.

Budget figures showed 56.9% of tax collected in 2010 came from Value Added Tax and Special Taxes.

Turkish government generated a 254.028 billion TL of revenue in 2010, marking a 17.9% of year-on-year rise.

210.532 billion TL of this came from taxes, 35.609 billion TL from non-tax revenues, 5.954 billion TL from special revenues and 1.993 billion TL from regulatory and supervisory organs.

Tax revenues rose 22.1% year on year. Of the 210.532 billion TL of tax revenues, 119,918 billion TL came from Value Added Tax and Special taxes.

Government spent a total of 293.628 billion TL last year.

48.296 billion TL of this was spent on interest payments, 62.301 billion TL on personnel expenses, 11.60 billion TL on Social Security premiums, 28.823 billion TL on purchase of goods and services, 101.891 billion TL on current transfers, 25.907 TL on capital expenses and 6.736 billion TL on capital transfers. Government lending in 2010 totalled 8.613 billion TL. Government spent a total 55.39 billion TL on health services, pension payments and social aid. 5.751 billion TL was spent on health services alone.


Following are the revenue and expenditure items in Turkey's central government budget in 2010:

EXPENDITURES : 293.628 billion TL
-Personnel expenditure :62.301 billion TL
-Social security
contributions :11.060 billion TL
-Purchase of goods
and services :28.823 billion TL
-Interest payments :48.296 billion TL
-Current transfers :101.891 billion TL
-Capital expenditure :25.907 billion TL
-Capital transfers :6.736 billion TL
-Lending :8.613 billion TL
-Non-interest,
expenditure :245.332 billion TL

REVENUES :254.028 billion TL
-Tax revenues :210.532 billion TL
-Income tax :40.392 billion TL
-Corporate tax :20.925 billion TL
-Internal VAT :26.325 billion TL
-Import VAT :36.208 billion TL
-Private consumption tax : 57.285 billion TL
-Banking and insurance
-Transaction tax :3.571 billion TL
-Fees :7.007 billion TL
-Stamp duty :5.083 billion TL
-Non-interest revenues : 35.609 billion TL
-Budget deficit :39.600 billion TL
-Primary surplus :8.697 billion TL



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