Bank Of Baku

Türkiye's budget deficit grows to $5.45B in October

Türkiye
# 16 November 2024 00:57 (UTC +04:00)

Türkiye's central government budget ran a 186.3 billion lira ($5.45 billion) deficit in October, according to official data released on Thursday, APA reports citing Turkish media.

The figure rose from a deficit of 100.5 billion liras ($2.95 billion) in September, a Treasury and Finance Ministry report said.

In October, budget revenues amounted to 769.2 billion liras ($22.50 billion), while expenditures hit 955.5 billion liras ($27.95 billion).

Non-interest expenditures reached 819.3 billion liras ($23.9 billion), with interest payments totaling 136.2 billion liras ($4 billion).

The report showed that tax revenues came in at 643.6 billion liras ($18.8 billion).

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