Turkish govt's April deficit in annual budget $5.5 bn

16 May '24

1 min read

Turkish govt's Apr deficit in annual budget $5.5 bn

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Insights

Turkiye's annual budget saw a deficit of $5.5 billion in April.
Budget revenues reached $18.4 billion, while expenditures totalled $23.9 billion last month.
Between January and April, the budget balance posted a deficit of $22.1 billion.
Budget revenues reached $71.3 billion in the first four months this year, while expenditures amounted to $93.4 billion.

Turkiye's annual budget saw a deficit of 117.8 billion Turkish liras ($5.5 billion) in April this year, according to data from the treasury and finance ministry.

Budget revenues reached 595.8 billion liras ($18.4 billion), while expenditures totalled 773.6 billion liras ($23.9 billion) last month.

Non-interest expenditure was worth 659.6 billion liras ($20.4 billion), while interest payments amounted to 114 billion liras ($3.5 billion).

Excluding interest payments, the budget balance ran a deficit of 63.8 billion liras (nearly $2 billion), while tax revenues totalled 487.9 billion liras ($15.1 billion).

Between January and April, the budget balance posted a deficit of 691.3 billion liras ($22.1 billion).

Budget revenues reached 2.2 trillion liras ($71.3 billion) in the first four months this year, while expenditures amounted to 2.9 trillion liras ($93.4 billion).

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