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

Professor says climate change putting Turkey at risk of becoming a “disease-prone desert”

Turkey is at risk of becoming a “disease-prone desert” with water resources and forests disappearing, Hurriyet Daily News reported Professor Mikdat Kadioglu from Istanbul Technical University’s ... more

Turkey’s lira and shares start moving sideways as significance of early elections is debated

The strongly positive initial reaction given by markets to April 18’s surprise announcement of snap elections in ... more

Turkish lira’s chronic weakness credit negative for Turkey’s sovereign rating says Moody’s

The chronic weakness of the Turkish lira (TRY) is credit negative for Turkey’s sovereign debt rating and poses ... more

Dismiss