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).

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Turkey reportedly set to raise debt limit for first time in 8 years as Ankara fuels credit

Turkey is preparing to raise its debt limit for the first time since 2009 after first-half borrowing left the Treasury near its legal ceiling, Bloomberg reported on July 25. Citing a person with ... more

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Dismiss