Tuesday, 23 December 2008
Turkey announced the budget deficit as 8.3 billion new Turkish liras (YTL) in the first 11 months of 2008.
The Finance Ministry of Turkey has made public the budget performances between January and November and November of 2008.
Accordingly, the budget deficit was 8.3 billion YTL in the first 11 months and 3.4 billion YTL in November.
The budget deficit was 9.7 billion YTL in the first 11 months of 2007, with a decrease of 14.8 percent.
The primary surplus was up 8.8 percent in the first 11 months of 2008 over the same period of 2007 and reached 40.5 billion YTL. This was over 2008 primary surplus target which was set as 38.3 billion YTL but was revised as 29.8 billion YTL.
Budget expenditures were also up 9.6 percent in the same period of 2008, and announced as 202.3 billion YTL.
The ministry announced the budget revenues in the first 11 months of 2008 as 193.7 billion YTL, with a rise of 10.9 percent over the same period of 2007.
Thus, Turkey has achieved 94.7 percent of the year-end budget revenue target, set as 204.5 billion YTL.
In November 2008, the budget deficit was 3.4 billion YTL and the primary surplus was 2.5 billion YTL. The budget expenditures were 21.3 billion YTL and revenues were 17.9 billion YTL. (One USD is equal to 1.54 YTL)
ANKARA (A.A)
