Turkey's budget balance sees $2.1B surplus in November

ANKARA

Turkey's central government budget balance saw a surplus of 32 billion Turkish liras ($2.1 billion) in November, the Treasury and Finance Ministry announced on Wednesday.

The figure was 13.4 billion Turkish liras ($920 million) in the same month last year.

Turkey's budget revenues rose 52.9% year-on-year to 167.8 billion liras ($11.5 billion) in November.

The country's budget expenditures totaled 135.7 billion liras ($9.2 billion), up 40.9% from a year ago.

The budget balance, excluding interest payments, posted a surplus of 47.3 billion liras ($3.2 billion), while the figure last year was 22.9 Turkish liras.

Tax revenues totaled 149 billion liras ($10.1 billion), up 50%, while interest payments amounted to 15.3 billion liras ($1 billion) over the same period.

Budget revenues climbed 36.5% in January-November compared to the same period last year to 1.2 trillion liras ($89 billion), while expenditures rose 24% to 1.3 trillion liras.

During this period, the central government budget balance saw a deficit of 46.5 billion Turkish liras ($3.1 billion).