Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 14/07/2020 23:36 
15.01.2020 11:27 News >> Turkey's Budget Posts $21.8B Deficit In 2019

Turkey's Budget Posts $21.8B Deficit In 2019

Central government's budget balance sees deficit last year, with $154.2B revenue, $175.9B expenditures.

Turkey's central government budget balance posted a deficit of 123.7 billion Turkish liras ($21.77 billion) in 2019, the Treasury and Finance Ministry announced on Wednesday.
Turkey's budget revenues rose 15.5% to hit 875.8 billion Turkish liras ($154.19 billion) year-on-year in the January-December period, according to the official data.
The country's budget expenditures reached 999.49 billion Turkish liras ($175.96 billion) in the year, up 20.3% from the previous year.
Excluding interest payments, the budget balance posted a deficit of 23.75 billion Turkish liras ($4.18 billion) in the period, while interest expenditures totaled some 99.94 billion Turkish liras ($17.59 billion).
Government tax revenues reached 673.3 billion Turkish liras ($118.5 billion) from January to December, showing a rise of 8.3% on a yearly basis.
The U.S. dollar/Turkish lira exchange rate averaged 5.68 during 2019.
In 2018, Turkey's central government budget balance had shown a deficit of 72.6 billion Turkish liras ($14.8 billion), meeting a year-end target of a 1.9% budget-deficit-to-gross-domestic-product (GDP) ratio.
The country's economic program, announced last September, aims to keep the budget-deficit-to-GDP ratio at 2.9% in 2019, 2020, and 2021. Turkish Statistical Institute will release GDP figures in March. -



        Latest News
Hamas: Al-Arabiya Channel Leading Zionist Campaign 12 minutes ago...
Campaign aimed at ‘affecting the Palestinian resistance,’ according to resistance group.
24 Houthi Rebels Killed In Clashes: Yemeni Army 12 minutes ago...
Rebels killed trying to infiltrate areas in east of Al Hudaydah province, says military.
Trump Drops Plan To Limit Student Visas During Pandemic 12 minutes ago...
Surprise announcement comes as oral arguments were to begin in case brought by universities.
Galatasaray Extend Contract With Head Coach Erdogan -18 minutes ago...
Ertugrul Erdogan signs new deal for 2020 21 season with option to extend it for another year.
India: Trials Of 2 Indigenous COVID-19 Vaccines Begin -3 minutes ago...
India, third worst hit country globally, records over 900,000 cases of novel coronavirus.

 
      Top News
Afghanistan: Civilian Casualties Near 3,000 In 6 Months Afghanistan: Civilian Casualties Near 3,000 In 6 Months
'Severe Rights Issues In US Due To Economic Disparity' 'Severe Rights Issues In US Due To Economic Disparity'
China To Impose Sanctions On US' Lockheed Martin Over Taiwan China To Impose Sanctions On US' Lockheed Martin Over Taiwan
Somali State Leaders Reject Delay In Holding Polls Somali State Leaders Reject Delay In Holding Polls
Pakistan Achieves Global Climate Change Target Pakistan Achieves Global Climate Change Target
Turks In US Ask Congress To Extradite FETO Leader Gulen Turks In US Ask Congress To Extradite FETO Leader Gulen
Turkey: 5 Injured In Black Sea Region Flooding Turkey: 5 Injured In Black Sea Region Flooding
World Hunger On Rise, Worsened By Pandemic: UN World Hunger On Rise, Worsened By Pandemic: UN
US Regrets Foreign Interference In Libya's Economy US Regrets Foreign Interference In Libya's Economy
New Zealand Mosque Gunman To Represent Himself In Court New Zealand Mosque Gunman To Represent Himself In Court