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).

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