The cash budget produced a deficit of TRY 530mn (EUR 176mn) in January, the Treasury data showed on Friday.
The budget posted a primary surplus of TRY 3.26bn on cash basis. Cash revenues and cash expenditures stood at TRY 35.3bn and TRY 36.6bn, respectively, in the month.
In the whole of 2013, the cash budget produced a deficit of TRY 12.4bn while it produced a primary surplus of TRY 24.3bn.
The 2014 central government budget targets a budget deficit of TRY 33.2bn (1.9% of GDP) and a primary surplus of TRY 18.8bn (1.1% of GDP).
Related Articles
Argent LNG granted export authorisation for Louisiana project
The US Department of Energy (DoE) has granted an export permit to free-trade countries to Argent LNG for its proposed Louisiana project, Reuters reported on July 27. The proposed LNG export ... more
Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal
Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest, Turkish local media Daily Sabah ... more
S&P upgrades ratings of Freedom subsidiaries to ‘BB-’
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more