Turkey's budget balance sees $3.3B deficit in January
12:02, 15/02/2021, Monday
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Tax revenues total $10.7B, interest payments amount to $3B last month, official data shows
The Turkish central government's budget balance posted a 24.2 billion Turkish liras ($3.3 billion) deficit in January, official data revealed on Monday.
The Treasury and Finance Ministry data showed that the reading widened from a surplus of 21.5 billion Turkish liras ($3.6 billion) in the same month last year.
Down 26.7% year-on-year, Turkey's budget revenues hit 89.6 billion Turkish liras ($12.1 billion) last month.
The country's budget expenditures amounted to 113.8 billion Turkish liras ($15.3 billion), a 13% rise during the same period.
The budget balance excluding interest payments saw a deficit of 2.2 billion Turkish liras ($299 million) this January.
Tax revenues totaled 79.2 billion Turkish liras ($10.7 billion), while interest payments were 21.9 billion Turkish liras ($3 billion) in the same period.
One US dollar traded for 7.39 Turkish liras on average in January 2020.