Turkey’s cash budget posts EUR 176mn deficit in January.

By bne IntelliNews February 7, 2014

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

Poland claims there will be “no taboo” in talks with Erdogan

Poland will skip no touchy topics in talks with President Recep Tayyip Erdogan, visiting Warsaw on October 17, the office of President Andrzej Duda said ahead of the visit by the Turkish leader, ... more

Erdogan says he plans talks with lenders on cutting Turkish interest rates

Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more

Turkey's Erdogan turns fire on US ambassador in diplomatic spat over arrest

Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more

Dismiss