Turkish finmin announces budget surplus of 3.1 billion TL in H1

Turkey's central budget had a surplus of TRY3.1bn in the January-June term

Turkish finmin announces budget surplus of 3.1 billion TL in H1

World Bulletin / News Desk

Turkish Finance Minister Mehmet Simsek on Monday said Turkey ran a surplus of 3.1 billion Turkish liras in the first half of 2013.

The budget ran a deficit of 6.7 billion TL in the same period last year.

Simsek stated that central budgetary expenses were 404.04 billion Turkish liras (TL) and central budgetary incomes were 370.09 billion TL while the year-end budget deficit was 29.4 billion TL in 2012.

According to the Finance Ministry, in January 2013 Turkey's budgetary income went up 26.6 percent compared to the same period last year and it reached 31.4 billion TL while budgetary expenses were up by 4.9 percent and reached 32.6 billion TL. Turkey's central budget had a monthly deficit of 1.2 billion TL in June.

Simsek added that Turkey's tax revenues increased 31.7 percent in H1 2013 over the same period last year and they reached to 26.7 billion TL.

Simsek underlined that in 2013, Turkish economy continued to recover although global growth rate came 0.8 points below estimations this year.

Güncelleme Tarihi: 15 Temmuz 2013, 13:51
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